Gravestone Doji

The gravestone doji is a bearish reversal candlestick pattern that forms when the open, low, and close prices are all near each other, with a long upper shadow. This pattern indicates that the bulls were unable to push the price up and the bears were able to push the price back down to the opening price by the end of the day. It is considered to be a reliable signal of a trend reversal, but it should be used in conjunction with other technical indicators to confirm the pattern.

Here are some tips for trading the gravestone doji pattern:

• Look for the pattern to form after a strong uptrend.
• Wait for the price to close below the open of the gravestone doji before entering a short position.

The gravestone doji is a useful tool for traders who are looking to short the market, but it is important to remember that no single pattern is 100% reliable, and traders should always use caution when trading.