Candlestick Patterns

Gravestone Doji

The Gravestone Doji is a bearish reversal pattern represented by one candle. This candle has the low, open and closes around the same price, while the higher features a long upper wick. As it was explained during other Doji patterns, Dojis are indecision patterns. Their shape determines whether they have higher chances to lead to rises or falls in the price. On this occasion, the Doji has a long upper wick, which indicates that the bears are more present in the market and the price is more likely to go down. Therefore, if selected in an automated strategy, this pattern will signal a sell when spotted in the chart.

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