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Understanding Dabel Maru Candlestick Patterns

A dabel maru is a candlestick pattern that indicates a key decision point for prices. There are five types of dabel maru patterns which form at significant support or resistance zones. The patterns provide evidence that prices are likely to hold at that level. Examples of each dabel maru type are shown and defined.

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Elyas Shahrokhi
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601 views11 pages

Understanding Dabel Maru Candlestick Patterns

A dabel maru is a candlestick pattern that indicates a key decision point for prices. There are five types of dabel maru patterns which form at significant support or resistance zones. The patterns provide evidence that prices are likely to hold at that level. Examples of each dabel maru type are shown and defined.

Uploaded by

Elyas Shahrokhi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Journal Article 2

Dabel Maru (DM)

Channel Name: Chart-Master FX

Email: chartmasterfx@[Link]

Channel Name: Chart-Master FX


Link: [Link]

Author: Chart Master


Date of Publication: 19 April 2021

Think like an institutional trader


Definition of Dabel Maru

 A dabel maru is a strong candlestick pattern that is more likely to hold the price at a key
decision point.
 There mainly five types DMs namely Type 1, Type 2, Type 3, Type 4 and Type 5.
 It saves the same purpose as the MPL.

Chart-Master FX [Think like an institutional trader]]


Types of Significant Decision Points

Chart-Master FX [Think like an institutional trader]]


Terms and Conditions

 For DM type 1, the candlestick should be completely engulfed. Both the body and the tails
must be engulfed.
 For DM type 2 and DM type 5, the doji at the middle of the candlesticks can be either
bullish or bearish.
 There should be extending wicks on DM type 3. This is also called the hidden base, which
implies that if you check on the lower timeframes you will see a visible base.
 The DM should formulate on a strong demand or supply zone.

Chart-Master FX [Think like an institutional trader]]


Chart Examples

Chart-Master FX [Think like an institutional trader]]


Example 1 (DM 1)

Chart-Master FX [Think like an institutional trader]]


Example 2 (DM2)

Chart-Master FX [Think like an institutional trader]]


Example 3 (DM3)

Chart-Master FX [Think like an institutional trader]]


Example 4 (DM4)

Chart-Master FX [Think like an institutional trader]]


Example 5 (DM5)

Chart-Master FX [Think like an institutional trader]]


We Learn, We Earn, We Serve the
Community

Chart-Master FX [Think like an institutional trader]]

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