The candlestick trading bible

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THE CANDLESTICK TRADING BIBLE 
The Gravestone Doji 
The Gravestone Doji is the bearish version of the dragonfly Doji, it is 
formed when the open and close are the same or about the same 
price.
What differentiates the Gravestone Doji from the dragonfly Doji is the 
long upper tail.
The formation of the long upper tail is an indication that the market is 
testing a powerful supply or resistance area.
See the example below: 

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THE CANDLESTICK TRADING BIBLE 
The image above illustrates a perfect gravestone Doji. This pattern 
indicates that while buyers were able to push prices well above the 
open.
Later in the day sellers overwhelmed the market pushing the price 
back down.
This is interpreted as a sign that bulls are losing their momentum and 
the market is ready for a reversal.
See another illustration below: 
The chart above shows a gravestone Doji at the top of an uptrend, 
after a period of strong bullish activity.
The formation of this candlestick pattern indicates that buyers are no 
longer in control of the market. For this pattern to be reliable, it must 
occur near a resistance level. 

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THE CANDLESTICK TRADING BIBLE 
As a trader, you will need additional information about the placement 
and context of the gravestone Doji to interpret the signal effectively. 
This is what i will teach you in the next chapters.