BearishSingle CandleCh. 9

Gravestone Doji

The open, low and close are at the bottom, with a long upper wick — an inverted “T”. Sellers rejected the highs completely.

Where it matters

Meaningful after a rise and at a resistance zone.

The pattern in context
Gravestone Doji: Meaningful after a rise and at a resistance zone.ResistanceConfirm

Faded candles are the trend before it, the band is the pattern, the dashed line is the level it formed at, and ✓ marks the confirming candle.

How to read it

  1. 01

    How it forms

    Price rallies strongly during the session, then sellers push it all the way back to the opening level.

  2. 02

    Where it matters

    Meaningful after a rise and at a resistance zone.

  3. 03

    What confirms it

    The next candle closes below the low of the Gravestone Doji.

  4. 04

    Where the idea is wrong

    A close above the high of the long upper wick.

  5. 05

    What volume should do

    Higher volume on the Gravestone suggests the selling at the highs had participation.

  6. 06

    Common mistake

    Treating it as a reversal in a strong uptrend without any follow-through.

From the book

Read the full chapter in the book.

Chapter 9 of Trading Candlestick Patterns explains the Gravestone Doji with real Indian market charts, volume context and stop-loss placement.

Trading Candlestick Patterns by Rohit Singh

Educational content only. A pattern describes what buyers and sellers did; it does not predict what price will do next. Not investment advice or a buy, sell or hold recommendation.