In case the candlestick body is white and prolonged then the strong pressure of buyers is seen. The closing exceeds the opening as much, as long the candlestick body is. This situation is explained by the aggressive buyers’ trading that makes closing price go much higher than the opening is. Long white candlestick commonly represents the bullish market though the situation worth watching in wider technical frames. A long white body may be the point of a possible turning point as well as a level of support in case of declining extended. A high aggression of the buyers following the long uptrend may cause an excessive bullishness.
A strong influence of the sellers is seen when the candlestick turns long and black. The length of the black candlestick depends on how far the close price is below the open price. This indicates the aggression of the sellers that causes a considerable prices reduction. A long black candlestick following the long uptrend may forecast the turning point as well as the resistance level that is to exist in future. A long black body following the long downtrend may show the panic of the participants as well as capitulation.
Marubozu Black and White long candlestick are even more important. There are no shadows in these candlesticks. The high and low ones are derived out of the open or close stages.