Now for multiple candlestick patterns or for that matter any pattern has definite rules like for a bullish reversal the pattern should be formed in a downtrend and sorts. But for Marubuzo there is no trend rule.
Now my doubt is for example a bullish Marubuzo on an uptrend:
- In an uptrend there is no support lines but only resistance lines.
- Since the stop loss should be within 4% of the support line for a bullish reversal pattern, what will happen to bullish marubuzo then?