P
PipsGrowth

Key Takeaways

Success Rate:62%
Difficulty:Intermediate
Strength:
R:R Ratio:1:2
āš°ļø

Gravestone Doji

bearish reversalHigh Reliability1 Candle

A doji with a long upper shadow and no lower shadow. Open and close at the low. Strong bearish reversal at tops.

Market Psychology

Buyers pushed prices up but sellers completely reversed the gains, closing at the open - showing seller strength.

Candle Structure

Trading Setup Example

Entry, stop loss, and take profit levels.

How to Trade the Gravestone Doji PatternTake ProfitšŸ“„ EntryStop LossPatternConfirmEnterSELLPatternConfirmEnterSL/TP

Always wait for pattern confirmation before entering a trade.

Where This Pattern Appears

Trend context and market position.

UptrendGravestone DojiReversal ↓

Appears at the top of an uptrend, signals bearish reversal.

How to Identify

1

Open, low, and close at or very near the same price

2

Long upper shadow

3

No or minimal lower shadow

4

Appears after an uptrend

Confirmation Signals

RSI overbought (>70)
At key resistance
Volume spike
Bearish next candle

Trading Strategy

šŸ“„ Entry

Enter short on next candle confirming bearish momentum

šŸ›‘ Stop Loss

Place stop above the gravestone high

šŸŽÆ Take Profit

Target support or use trailing stop

āš–ļø Risk/Reward

1:2

Common Mistakes to Avoid

Trading without prior uptrend
Not waiting for confirmation
Ignoring volume
Fighting strong trend

Pro Tips

šŸ’”More powerful at resistance levels
šŸ’”Essentially a shooting star with open/close at the same level
šŸ’”Requires confirmation for higher probability

Best Timeframes

1H4HDaily

Pattern Variations

At resistance level (stronger)
With gap open
Last updated: December 29, 2024

Educational Disclaimer

This content is for educational purposes only and does not constitute financial or investment advice. Trading involves significant risk and you may lose your capital. Always consult a licensed financial advisor before making investment decisions.

Frequently Asked Questions