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Gravestone Doji forex trading strategies for beginners
Gravestone Doji is BEARISH REVERSAL candlestick pattern
1. No (or a VERY small) real body
2. The open and close are at or very close to the
bottom of the candle, leaving no lower
shadow
3. A long upper shadow
4. Market is in an uptrend
Gravestone Doji forex trading strategies for beginners
A Gravestone Doji is the ultimate Shooting Star; a Doji candlestick, with an open
and close at very similar levels, in this instance right on or very near the candle’s
low.
This pattern is indeed something to feel rather morbid about, especially if you’ve
been riding a strong uptrend. Your time might be up
Getting inside the pattern
Let’s briefly step through the price action that goes into this one. We rally right from the
very first trade, but at some point the buying runs out of steam and the market starts to sell
off. This selling sees us right back down to the first trade of the day and the market closed
at this level, leaving absolutely no (or a very small) lower shadow, as well as no (or a very
small) real body.
