Marubozu, Pinbar, Doji Candlesticks

Learn to identify Marubozu, Pinbar, and Doji candlestick patterns. This guide defines these key price action signals and helps you understand market sentiment.

Published · Updated · Methodology: Price Action

Part of: Candlestick Patterns

  • Methodology: Price Action
  • Content type: educational

Source video

Decoded from: The 70% Marubozu Rule Nobody Teaches #tradingmistakes #shorts by Jayce PHAM trader - NCI's Market structure — watch the original

Key timestamps:

  • 0:00 - Introduction to candle types
  • 0:05 - Marubozu candle characteristics
  • 0:17 - Marubozu definition: 70% body rule

Strategy overview

Candlestick patterns read a single bar's open, high, low and close as a snapshot of who won the period — and marubozu, pinbar and doji are the three archetypes most price-action traders learn first. This entry decodes a short-form clip from Jayce PHAM trader (NCI's Market structure), "The 70% Marubozu Rule Nobody Teaches #tradingmistakes #shorts", which is less about a trade setup than about definitions: it walks through the candle types and then pins the marubozu to a measurable proportion of body versus total range rather than a visual impression.

That definitional angle is the point. Most traders identify a marubozu by how it looks — a big body, barely any wick — which means two people can label the same bar differently. Framing it as a threshold instead of a look is what makes the pattern repeatable across charts and, eventually, codable. The same distinction separates the other two archetypes in the clip: a pinbar is defined by how much of the range sits in the wick that got rejected, and a doji by a close returning to its open, which is why one reads as conviction and the others as rejection or indecision.

This is a short clip focused on candle vocabulary, and the channel's wider context is market structure — meaning these candles are presented as reading tools rather than as a standalone entry system. No mechanical rule set was extracted for this page; what the source offers is the classification layer that setups get built on top of, and the criteria a trader would need to agree on before any pattern-based rule can be tested consistently.

Topics

candlestick patterns · marubozu candlestick · pinbar candlestick · doji candlestick · price action · trading strategy · technical analysis · candlestick trading · market sentiment · beginner trading · forex candlestick patterns

Frequently asked questions

What is a Marubozu candle?

A marubozu is a candle whose body takes up nearly the entire range, with little or no upper or lower wick. It indicates that price moved in one direction and closed at or near the extreme of the period, which price-action traders read as one-sided conviction.

What does the "70% rule" in the video title refer to?

It refers to the source video's framing of the marubozu as a measurable definition — the body must account for a set proportion of the candle's total range — instead of identifying the pattern by eye. The clip introduces it as the criterion that separates a true marubozu from a merely large candle.

How do marubozu, pinbar and doji differ?

They describe three different outcomes of the same period. A marubozu is mostly body and signals directional conviction; a pinbar is mostly wick and signals a move that was pushed back; a doji closes near where it opened and signals indecision between buyers and sellers.

Can single candlestick patterns be traded on their own?

Single candles are usually treated as context rather than complete signals — most traders combine them with market structure, location on the chart, or a trend filter. Strategy Decoder catalogs how different video sources define and apply these patterns so you can compare approaches and test them on TradingView.

About this strategy page

This trading strategy was decoded by Strategy Decoder's AI from a public YouTube trading video and turned into a structured, reviewable specification. In the interactive app this page shows the full entry and exit logic, risk management settings, the indicators involved with their parameters, AlgoWizard-compatible logic and a Pine Script export ready for TradingView backtesting — plus an automated backtest verdict when one has been computed for this strategy.

Strategy Decoder catalogs 2,229 decoded strategies. Each one is extracted with confidence scoring, cross-linked to the indicators it uses, and kept up to date as new videos are processed daily. Load this page with JavaScript enabled to use the interactive tools, or start from the strategy explorer to filter by methodology, market and timeframe.

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