Gravestone Doji:
Gravestone Doji Candlestick Formation
Type : Reversal
Direction : Bullish
Prior Trend : Bearish
Reliability : Medium
Gravestone Doji is a reversal pattern that occurs in a downtrend. It consists of a single candlestick where the price opens at the bottom and closes at the same point with a long upper shadow. This pattern does not contain any lower shadow.
How to Recognize Gravestone Doji:
1) The market is characterized by a downtrend.
2) A doji forms in the downtrend with the open and close at the same point.
3) The doji will have a long upper shadow.
4) The doji does not have any lower shadow.
Important Factors:
This is a medium bullish candlestick pattern so always use some other indicators or confirmation before you enter the trade.
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