wrong again. All thats needed is they are near each other not spot on!
Read the definition -
https://www.investopedia.com/terms/g/gravestone-doji.asp
What is a 'Gravestone Doji'
A gravestone doji is a bearish reversal candlestick pattern that is formed when the open, low, and closing prices are all near each other with a long upper shadow. The long upper shadow suggests that the bullish advance in the beginning of the session was overcome by bears by the end of the session, which often comes just before a longer term bearish downtrend.
BREAKING DOWN 'Gravestone Doji'
A gravestone doji pattern is a popular bearish reversal pattern characterized by open, low, and closing prices that are all near each other and a long upper shadow. While the open, low, and closing prices don't have to be equal for the pattern to be valid, there should be a relatively small tail, else the pattern could be classified as an inverted hammer, shooting star, or a spinning top.
While the candlestick pattern can be found at the end of a downtrend, it's more common to be found at the end of an uptrend. The long upper shadow suggests that bulls had control over the market earlier in the session, but the bears eventually took control by the end of the session. Some studies have shown the chart pattern to be relatively unreliable compared to other candlestick patterns.
Traders will often exit long positions or initiate short positions after identifying a gravestone doji pattern, although it's important to use the candlestick pattern in conjunction with other forms of technical analysis as a confirmation. Often times, traders will also look at the volume associated with the session, as well as the previous sessions' activity, as potential indicators of the reliability of the pattern.
The opposite of a gravestone doji is a bullish dragonfly doji.
There it is for you.
no dragonflies in sight, high selling volume (15M then 9M then 7M well above 3M), small tails, long wicks/shadows, end of an uptrend.
It closed at 41.5c, yesterday close at 42.0, friday close at 44.5c
last week 45-47c shots at top range couldnt hold yet again 5th time in a row
need I say more?
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wrong again. All thats needed is they are near each other not...
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Last
$2.68 |
Change
-0.015(0.56%) |
Mkt cap ! $2.265B |
Open | High | Low | Value | Volume |
$2.61 | $2.70 | $2.61 | $6.796M | 2.548M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
71 | 165172 | $2.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.68 | 74668 | 85 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 33681 | 0.500 |
3 | 87208 | 0.495 |
2 | 56480 | 0.490 |
7 | 146398 | 0.485 |
8 | 213601 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 47724 | 3 |
0.510 | 233926 | 9 |
0.515 | 106362 | 5 |
0.520 | 145490 | 7 |
0.525 | 89084 | 4 |
Last trade - 15.19pm 18/12/2024 (20 minute delay) ? |
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PRU (ASX) Chart |