Candlestick - Gravestone Doji

Gravestone Doji (Tohbu candlestick)

Gravestone Doji

The Gravestone doji candlestick is a type of candlestick does not have body, with long upper shadows and no or very tiny lower shadow, where the opening and closing price are identical and appears as small horizontal line toward the bottom of range.

Gravestone doji is a good indication of bullish trend reversal. Gravestone doji often found at or near the top of the uptrend and indicating that the market has exhausted its bullish trend move and should begin to reverse or stall.

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