Gravestone Doji

The Gravestone Doji candlestick indicates indecision and in a rising market signals the possibility of a bearish trend reversal. The Gravestone Doji rarely occurs during a downtrend.

Gravestone Doji

The Gravestone Doji candlestick indicates indecision and in a rising market signals the possibility of a bearish trend reversal. The Gravestone Doji rarely occurs during a downtrend.

 


Gravestone Doji Identification

The Gravestone Doji is one candlestick and looks like an upside down “T”; the opposite of the dragonfly Doji.  The Gravestone Doji has a long upper shadow and no lower shadow, and it forms when the open, low and close are equal.  The high is what creates the long up er shadow. 

Gravestone Doji candlestick


Gravestone Doji Interpretation

The Gravestone Doji candlestick indicates that prices were driven higher during the session, and by the end of the session, the prices came back down to the opening level and the session low as a result of the sellers.  As with other Doji's, this candlestick signals a potential change in direction. 


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