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Speaking of candlestick analysis, the presence or absence of upper and lower shadows directly determines a candlestick's "temperament." Although these three bullish candlestick patterns all signal an upward trend, the internal strength of the bulls and bears varies greatly.
**Marubozu (Full Body) Bullish Candlestick** is the most dominant. It opens at the lowest point of the day and closes at the highest, with no retracement in between—what does this indicate? The bulls have taken control from the opening, pushing the price straight to the top. The fierceness of the buying pressure is reflected in how exaggerated this candlestick is. The appearance of this pattern signifies that bullish sentiment is completely dominant in the market.
**Full Body Bullish Candlestick** is slightly more moderate. It has no upper shadow but features a lower shadow—indicating that after opening, the price was pushed down at some point but was later driven back up by buying pressure, ultimately closing at the highest point of the day. The longer the lower shadow, the stronger the buying at lower levels. This candlestick tells us: although the bulls ultimately won, there was some counterattack from the bears during the process, so the overall certainty of an upward move is less than that of a Marubozu.
**Shaven Head Bullish Candlestick** tells a different story. This time, there is resistance above. The bulls pushed the price higher but encountered selling pressure, and although it still closed as a bullish candlestick, it did not hold the highest point of the day. The longer the upper shadow, the more obvious the resistance above. This is a typical "push higher but encounter resistance" signal—looks like a rise, but caution is needed for a possible pullback next.