Gravestone Doji
A Gravestone Doji is a candlestick pattern that indicates a potential reversal from a bullish trend to a bearish one. It is characterized by the open, low, and closing prices being close to each other, with a tall upper shadow. This upper shadow suggests that the price surged significantly during the trading session but closed near its opening price, signaling that the bulls lost momentum and the bears may be taking control. The Gravestone Doji is often seen as a signal of a bearish reversal, especially after a period of upward price movement. It’s commonly used in price action trading strategies to predict a trend change.
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