An unshaved candle — also known as a Marubozu — is a candlestick with no wicks (shadows). The open is at the low and the close is at the high (bullish), or the open is at the high and the close is at the low (bearish). This means price moved in one direction for the entire period, with no significant pullback. In auction market theory, this represents extreme order flow imbalance — one side is completely dominating.
What Is an Unshaved Candle?
An unshaved candle is a candlestick with no upper or lower wick. The body of the candle represents the entire price range for that period.
Open = Low, Close = High
Open = High, Close = Low
With wicks (shadows)
What Does an Unshaved Candle Mean?
In the context of auction market theory, an unshaved candle tells us:
- Extreme imbalance — one side of the market was completely dominant.
- No selling pressure (bullish) — buyers absorbed every offer without any significant pullback.
- No buying pressure (bearish) — sellers hit every bid without any significant bounce.
- High conviction — the move was driven by real order flow, not just noise.
Types of Unshaved Candles
- Bullish Unshaved (Green Marubozu) — opens at the low, closes at the high. Strong buying pressure from start to finish.
- Bearish Unshaved (Red Marubozu) — opens at the high, closes at the low. Strong selling pressure from start to finish.
- Opening Marubozu — no upper wick (bullish) or no lower wick (bearish), but has a wick on the other side. Still significant.
Unshaved Candle Simulator
interactiveAdjust the buying vs selling pressure to see how an unshaved candle forms. The more imbalanced, the longer the body and the shorter the wicks.
Trade Examples
How to Trade Unshaved Candles
- Identify the unshaved candle — look for a candle with no wicks (or very tiny wicks).
- Consider the context — is it at support/resistance? Is it a breakout or a reversal?
- Check volume — unshaved candles with high volume are more significant.
- Enter on the close — enter at the close of the unshaved candle for momentum.
- Set stops — beyond the opposite end of the candle (low for bullish, high for bearish).
- Target — use measured moves, Fibonacci extensions, or key levels.
Pro tip: Unshaved candles are most reliable when they occur after a period of consolidation or at a key level. A breakout unshaved candle is one of the highest-probability trade setups in price action trading.
Volume Confirmation
While unshaved candles are powerful on their own, volume confirmation makes them even stronger:
- High volume — confirms strong conviction and institutional participation.
- Low volume — suggests the move may lack follow-through (especially in forex tick volume).
- Volume spike — an unshaved candle with a volume spike is a very strong signal.