Gravestone Doji  candlestick Pattern

A Gravestone Doji is a bearish candlestick pattern in technical analysis, which is formed when the open, low, and close prices are all close to each other and located near the low of the session, while a long upper shadow is formed. The pattern resembles a gravestone, hence the name.

The Gravestone Doji suggests that the bears have taken control of the price action during the trading session. It is usually found at the top of an uptrend or rally and indicates a possible trend reversal. The long upper shadow shows that the bullish momentum at the start of the session was overcome by bearish pressure towards the end, creating a long wick above the candle body. The open and close prices are close to the low of the session, indicating that the bears have pushed the prices down.

Traders often use the Gravestone Doji as a signal to exit long positions or enter short positions, as it may indicate a trend reversal from bullish to bearish. However, it is important to confirm the pattern with other technical indicators or analysis before making trading decisions.