Gravestone Doji

The Gravestone Doji is a Japanese candlestick in which the open and close price of the candle is at the same level or is very close to the same level.

A Doji candle that opens and closes at or near its low. The candle ends up having a long upper shadow and no body. If it has a long upper shadow, it signals a bearish reversal. When it appears the top of an uptrend, it is considered a reversal signal. The Gravestone Doji has a long upper shadow but no lower shadow, and it resembles an upside-down capital letter. A Gravestone Doji signals that the price opened at the low of the session. There was a great rally during the session, and then the price closed at the low of the session.