A Quick Overview of Doji, Grave Stone Pattern
The Gravestone Doji is a bearish candlestick pattern that depicts the candle opening and closing at the bottom of the day. The fact that prices conclude the day near the opening (after all the work at higher levels) indicates a shift in mentality and, more importantly, tiredness. According to Bulkowski, this reversal predicts lower prices with an 59% accuracy rate.
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