Bullish Marubozu Candlestick Pattern: The Candles Before Nvidia's 2024 Run and Micron's 2025 Surge

Anish DasUpdated Nov 5, 20269 min readbeginner

Bullish marubozuLesson 20 of 44 · Single candlesOpposite: Bearish marubozu

Reads
  • Bullish
  • One candle

On December 12, 2023, Nvidia opened at its low and closed one cent under its high: a bullish marubozu. Bought at that close with a stop under its low, the trade risked 3.4%. By March 7, 2024 the stock was up 94.4%, and by June 5, the day Nvidia passed $3 trillion, 156.9%.

On September 4, 2025, Micron printed one too. The risk was 4.6%. By November 10, a record close, the stock was up 103.9%, and by February 2, 2026, 252.5%.

Neither stock has traded below its candle's low since. Here is how to read a bullish marubozu, where the stop goes, and how to find the next one.

What $10,000 became#

NVDADec 12, 2023

$10,000 became$25,690

Bought at the close
47.66
Stop: the candle's low
46.05 (3.4% risk)
Next session
+0.9%
Ten sessions later
+3.7%
Best close within 60 sessions
+94.4% (Mar 7, 2024)
Best close within 120 sessions
+156.9% (Jun 5, 2024)
Reward for each $1 risked
$46.45
Low broken since?
Never
MUSep 4, 2025

$10,000 became$35,247

Bought at the close
124.21
Stop: the candle's low
118.52 (4.6% risk)
Next session
+5.8%
Ten sessions later
+36.0%
Best close within 60 sessions
+103.9% (Nov 10, 2025)
Best close within 120 sessions
+252.5% (Feb 2, 2026)
Reward for each $1 risked
$55.11
Low broken since?
Never

Prices are split-adjusted, as on the chart.

The bullish marubozu in one table#

A bullish marubozu is one long green candle with almost no shadows. It opens near the day's low and closes near the day's high: buyers held the price up all session. Marubozu is Japanese for bald or close-cropped.

Anatomy of a bullish marubozu: a long green body that is at least 90% of the day's range, with tiny shadows above and below, and a range of at least one 14-day ATR. Beside it, a long green day whose body is 70% of its range, which is not a marubozu. The stop goes just under the low.

These are the rules the VCP Scanner terminal uses to name a bullish marubozu on a daily chart.

PartRule
ColourGreen: it closes above its open
BodyAt least 90% of the day's range, so the two shadows together are 10% or less
SizeThe range is at least one 14-day ATR, twice what most candle names need
PositionNone: it counts anywhere, in a decline, a base or a rally

Nvidia's body was 99% of its range, with no lower shadow at all. Micron's was 91%, with a 33-cent lower shadow and a 20-cent upper one.

The position rule is the difference from most candles. A hammer or a bullish engulfing has to come after a decline. A marubozu doesn't, so where it forms is your call: the terminal's key-level switch keeps the ones at a level.

Bullish marubozu and its look-alikes#

Five patterns: a bullish marubozu in a base, a bullish engulfing after a decline, a bullish kicker that opens above a red day, three white soldiers, and a bearish marubozu. The first four read bullish and the last bearish.
PatternShapeWhereReads as
Bullish marubozuOne long green body, almost no shadowsAnywhereBullish
Bullish engulfingRed day, bigger green body covering itA 5-session lowBullish
Bullish kickerLong red day, then a long green day opening above the red openAnywhereBullish
Three white soldiersThree long green days, each closing higherAnywhereBullish
Bearish marubozuOne long red body, almost no shadowsAnywhereBearish

The second day of a bullish kicker can also be a marubozu, and so can each day of three white soldiers. The terminal shows every name it finds on a bar, so one day can carry two.

Example 1: Nvidia (NVDA) before its 2024 run, Dec 12, 2023#

NVDA daily chart in the VCP Scanner terminal. The bullish marubozu of Dec 12, 2023: Nvidia opened at 46.05, its low for the day, and closed at 47.66, one cent under its high. Its stop is 46.05, the candle's low, a 3.4% risk from the close. Nvidia closed above its November 2023 record on Jan 8, 2024, another marubozu, and reached 92.67 by Mar 7, 2024. It has not traded below the low since. The blue arrow was drawn with the terminal's Arrow Marker.
NVDA daily chart in the VCP Scanner terminal. The bullish marubozu of Dec 12, 2023: Nvidia opened at 46.05, its low for the day, and closed at 47.66, one cent under its high. Its stop is 46.05, the candle's low, a 3.4% risk from the close. Nvidia closed above its November 2023 record on Jan 8, 2024, another marubozu, and reached 92.67 by Mar 7, 2024. It has not traded below the low since. The blue arrow was drawn with the terminal's Arrow Marker.

Open NVDA in the VCP Scanner terminal →

FactNVDA, Dec 12, 2023
Open / high / low / close46.05 / 47.67 / 46.05 / 47.66
Body1.61, 99% of the 1.62 range
Day's gain+2.2%, after opening 1.2% lower
Record5.5% below the Nov 20, 2023 record close of 50.41
Stop46.05, the candle's low
Risk to stop3.4%
Volume0.84× the 50-day average
Stage2

Nvidia opened 58 cents lower, at what became its low, and climbed for the rest of the day.

What followed:

  • Next session (Dec 13): closed at 48.09, +0.9%, the first close above the marubozu's high of 47.67.
  • Ten sessions later (Dec 27): 49.42, +3.7%.
  • Jan 3, 2024: a low of 47.32, 1.27 above the stop. It is the lowest Nvidia has traded since.
  • Jan 8: 52.25, its first close above the November record, on another marubozu. That is the second dot in the chart.
  • Mar 7: 92.67, +94.4%, a record close. That is 28.0 times the 1.61 risked on each share.
  • Jun 5: 122.44, +156.9%, the day Nvidia's market value passed $3 trillion and Apple's.
  • The low of 46.05 was never broken. On Nov 3, 2026 Nvidia closed at 206.69, 333.7% above the marubozu's close.

Its 11.2% gap up on Feb 22, 2024, the day after its earnings, when it added a record $277 billion in market value, was about a sixth of the run to Mar 7. With a 7.5% gap on May 23, gaps were about a fifth of the run to Jun 5.

With $500 at risk, the stop sized the trade at 310 shares, about $14,775. At the Jun 5 close those shares were up $23,182.

Example 2: Micron (MU) before its 2025 surge, Sep 4, 2025#

MU daily chart in the VCP Scanner terminal. The bullish marubozu of Sep 4, 2025: Micron opened at 118.85, 33 cents above its low of 118.52, and closed at 124.21, 20 cents under its high, up 4.6% on the day. Its stop is 118.52, the candle's low, a 4.6% risk from the close. Micron gapped up the next day and never traded back into the candle's range, reaching a record close of 253.30 by Nov 10, 2025. The blue arrow was drawn with the terminal's Arrow Marker.
MU daily chart in the VCP Scanner terminal. The bullish marubozu of Sep 4, 2025: Micron opened at 118.85, 33 cents above its low of 118.52, and closed at 124.21, 20 cents under its high, up 4.6% on the day. Its stop is 118.52, the candle's low, a 4.6% risk from the close. Micron gapped up the next day and never traded back into the candle's range, reaching a record close of 253.30 by Nov 10, 2025. The blue arrow was drawn with the terminal's Arrow Marker.

Open MU in the VCP Scanner terminal →

FactMU, Sep 4, 2025
Open / high / low / close118.85 / 124.41 / 118.52 / 124.21
Body5.36, 91% of the 5.89 range
Day's gain+4.6%
Record19.1% below the Jun 18, 2024 record close of 153.45
Stop118.52, the candle's low
Risk to stop4.6%
Volume0.86× the 50-day average
Stage2

The marubozu came five months after Micron's April 2025 low, the bottom in the piercing line article.

What followed:

  • Next session (Sep 5): a gap up and a close at 131.37, +5.8%. Its low that day, 125.66, is the lowest Micron has traded since.
  • Sep 12: 157.23, its first close above the 2024 record.
  • Ten sessions later (Sep 18): 168.89, +36.0%.
  • Oct 1 and Oct 8: two more marubozus, up 8.9% and 5.8%. They are the other two dots in the chart.
  • Nov 10: 253.30, +103.9%, a record close. That is 22.7 times the 5.69 risked on each share.
  • Feb 2, 2026: 437.80, +252.5%.
  • The low of 118.52 was never broken. On Nov 3, 2026 Micron closed at 855.10, 588.4% above the marubozu's close.

Two 5% gaps up, on Sep 11 and Oct 13, were about an eighth of the rise to Nov 10. Over 120 sessions, with a 13.8% gap on Dec 18, the day after record results, gaps were about a seventh of the run. A gap down on Nov 4 gave some back.

With $500 at risk, the stop sized the trade at 87 shares, about $10,806. At the Feb 2, 2026 close those shares were up $27,282.

Where a bullish marubozu counts: key levels#

A marubozu off a level is buyers defending it. In the terminal, the Only at a key level switch is on by default and keeps the ones that close back above one of these:

LevelWhat it is
The 50-dayThe 50-day moving average, rising, with the stock in Stage 2
The 21-day EMAThe 21-day exponential average, rising and above the 50-day, in Stage 2
A prior lowA swing low that price undercuts and then closes back above
The pivotA breakout's pivot price, retested from above

Nvidia's and Micron's came at none of these levels. To see ones like them, turn Only at a key level off.

Both stocks were in Stage 2, Stan Weinstein's advancing stage, so each marubozu came inside an uptrend that kept going.

How to trade a bullish marubozu#

How to trade a bullish marubozu: a decline into a key level, a marubozu that opens under the level and closes far above it, Entry A at its close, Entry B at the first close above its high, the stop just under its low, and the rally measured in multiples of the risk (+1R, +2R, +3R).
  1. Pick the place. A marubozu counts anywhere, so the place is your filter. Look for it at a level, out of a base or early in an uptrend, as Nvidia's and Micron's were.
  2. Check the bar. It is green, its body is at least 90% of its range, and its range is at least one 14-day ATR. Nvidia's body was 99% of its range and Micron's 91%.
  3. Choose your entry. Some traders buy the close. Others wait for a close above its high. Nvidia and Micron both gave that close the next session.
  4. Put the stop under the low. The low sits a whole range below the close, so the stop is wider than a hammer's on the same stock. Nvidia's risk was 3.4% and Micron's 4.6%.
  5. Size from the stop. Shares = money at risk ÷ (entry − stop). With $500 at risk on Micron: 500 ÷ (124.21 − 118.52) = 87 shares.

Find bullish marubozu candles on any chart in VCP Scanner#

  • Open a stock in the terminal, for example NVDA or MU.
  • Open Candles in the chart toolbar and tick Bullish marubozu, or use the Bullish quick pick for every bullish name.
  • Only at a key level is on by default. Turn it off to see every bullish marubozu on the chart.
  • The chart jumps to the latest bullish marubozu. A dot marks each one under its low, and the selected one shows its stop on the price scale.
  • The inspector lists the date, close, stop, risk to stop, level, volume and stage. Walk through the others with the ← and → keys.
  • Mark the ones you care about with the drawing tools. The arrows in the charts above are the Arrow Marker (Alt+A): click where the arrow starts, then click the candle.

Candles are free, on daily, weekly and monthly charts.

Bottom line#

  • A bullish marubozu is one long green candle with almost no shadows: buyers held the price up from the open to the close.
  • Nvidia's came before its 2024 run and Micron's before its 2025 surge. They risked 3.4% and 4.6%, and the stocks rose 156.9% and 252.5% within 120 sessions.
  • The candle's low is the stop. It defines your risk before you take the trade.

Data: VCPScanner daily market data through Nov 3, 2026, split-adjusted. The examples are for education, not recommendations.

Next lesson · 21 of 44Bearish marubozuNvidia printed a bearish marubozu near its 2021 top, Lululemon at its falling 21-day average in 2024. Both fell over 30%. The rules, the stop and the fall.Read the lesson

Quick answers

Is a bullish marubozu bullish?

Yes. It is one long green candle with almost no shadows, a day buyers controlled from the open to the close. Nvidia's on Dec 12, 2023 and Micron's on Sep 4, 2025 both came early in big runs, and neither low has broken since.

What does marubozu mean?

It is Japanese for bald or close-cropped, a candle with no shadows sticking out of its body. The VCP Scanner terminal allows a little shadow, up to 10% of the day's range.

What is the difference between a bullish marubozu and a long green candle?

The shadows. A marubozu's body is at least 90% of its range and its range is at least one 14-day ATR. A long green day with longer shadows is just a long green day.

Where does the stop go on a bullish marubozu?

Just under the candle's low. Because the low sits a whole day's range below the close, the stop is wider than a hammer's on the same stock. Nvidia's risked 3.4% and Micron's 4.6%.

Does a bullish marubozu need a downtrend first?

No. Unlike a hammer or an engulfing, it has no trend rule and counts anywhere. Nvidia's and Micron's both came in Stage 2 uptrends.

Anish Das

Anish DasMBA, IIM Kozhikode · Founder & Individual Investor

Founder of VCP Scanner, former Flipkart Brand Manager, and active US equity investor focused on transparent research workflows.

About the author

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