It sounds creepy since the term is related about death. Well you shouldn't because every body dies and someday you will soon have your own gravestone. Anyway, when we are talking about Forex, Gravestones refers to the type of Candlestick Doji that provides indications of possible reversal.
The previous post discussed which is all about the Dragonfly Doji is the complete opposite of this type of candlestick. Although, they do have the same type of body where the open and close are on exactly the same price. The tall wick shadow indicates a high possibility of bearish reversal.
This type of Candlestick is most commonly found on the top of an up-trend. Open-up your trading terminal and try to identify as many Gravestones Doji as you can. Treat it as your exercise for today and keep on practicing until you will be able to get a hung on it.
We have another type of Candlestick having the same purpose and it is the "Shooting Star". If it happens that you have encountered a Gravestones Doji and followed by a series of Shooting Stars then there's a very high possibility of bearish trend reversal.
The previous post discussed which is all about the Dragonfly Doji is the complete opposite of this type of candlestick. Although, they do have the same type of body where the open and close are on exactly the same price. The tall wick shadow indicates a high possibility of bearish reversal.
This type of Candlestick is most commonly found on the top of an up-trend. Open-up your trading terminal and try to identify as many Gravestones Doji as you can. Treat it as your exercise for today and keep on practicing until you will be able to get a hung on it.
We have another type of Candlestick having the same purpose and it is the "Shooting Star". If it happens that you have encountered a Gravestones Doji and followed by a series of Shooting Stars then there's a very high possibility of bearish trend reversal.
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