Tag: Candlestick Patterns

A Gravestone Doji is a candlestick pattern that often indicates a bearish reversal. This pattern is characterized by a long upper shadow and open, close, and low prices that are roughly at the same level, giving it the appearance of an inverted “T” or tombstone.

A Dragonfly Doji is a candlestick pattern that occurs when the open, close, and high are almost identical, with a long lower wick. The pattern is usually interpreted as a signal of a potential bullish reversal, particularly when it appears following a downtrend.

The Doji candlestick is a pattern where the opening and closing prices are very close or almost the same. This pattern is significant because it can indicate moments of indecision among traders, which often occur at critical points such as the top or bottom of a range, the end of a trend, or around key support and resistance levels.