Gravestone Doji Candlestick Pattern - पूरी जानकारी.

 Gravestone Doji Candlestick Pattern - पूरी जानकारी.

How to Trade the Gravestone Doji Candlestick Pattern.

You can get all the information you require regarding the Gravestone Doji candlestick pattern here.

·      The Gravestone Doji Candlestick Pattern: Explained.

·      How to Recognize the Gravestone Doji Candlestick Pattern.

·      The Gravestone Doji Candlestick Pattern's variations.

·      Trading the Gravestone Doji Candlestick Pattern: A Guide.

·      Trading Techniques for the Gravestone Doji Candlestick Pattern.

 

Ø Strategy 1: Retractions on Bare Charts.

Ø Strategy 2: Using Support Levels to Trade the Gravestone Doji.

Ø Strategy 3: Using Moving Averages to Trade the Gravestone Doji.

Ø Strategy 4: Using RSI Divergences to Trade the Gravestone Doji.

Ø Strategy 5: Using Fibonacci to Trade the Gravestone Doji.

Ø Strategy 6: Using Pivot Points to Trade the Gravestone Doji.

The Gravestone Doji Candlestick Pattern: Explained.

One type of Japanese candlestick pattern is the Gravestone Doji.

The reversal pattern is bearish.

It usually shows rejection from higher prices and comes following a price rise to the upside.

Since we anticipate a bear move once the Gravestone Doji shows up at the proper spot, the pattern is bearish.

It is a reversal pattern since we want to see price growth prior to the appearance of the Gravestone Doji, which is also a common indication that a trend is coming to an end.

The Dragonfly Doji candlestick design is replicated in the Gravestone Doji pattern as well.

How to Recognize the Gravestone Doji Candlestick Pattern.

One candle creates the Gravestone Doji candlestick pattern.

The Gravestone Doji candlestick pattern can be recognized as follows:

·      The body of the candle is small.

·      The top wick needs to be large.

·      It should be very small or have no wick at the bottom.

 Look at…………..............................................................................................................

The Gravestone Doji Candlestick Pattern's variations.

On your charts, the Gravestone Doji candlestick pattern can look a little different.

If there is a wick at the bottom of the candle, it must be little.

Look at……………..................................................................................................

Trading the Gravestone Doji Candlestick Pattern: A Guide.

Finding a candle on your charts with the same form is not enough to trade the Gravestone Doji candlestick pattern.

Let me clarify.

A pattern's validity depends on both its shape and its appearance.

This implies that the same form could represent multiple things depending on where it appears.

The price should first rise, indicating a bullish move, when trading the Gravestone Doji.

A potential reversal to the downside is indicated by the appearance of a Gravestone Doji following this bullish rise.

Look at……………....................................................................................................

It's easy: when the candle's low is breached, the Gravestone Doji pattern is traded.

You should short that conservative trigger.

Look at………………...................................................................................................

Because trading doesn't always go as planned, you also want to protect yourself.

And we employ a stop loss for that.

Stop losses come in a variety of varieties.

The most popular method is to set it using the other side of the pattern.

Look at…………...........................................................................................................

However, hold off on trading the Gravestone Doji just yet.

We need to know a few more things.

The Gravestone Doji candlestick pattern should ideally be traded in conjunction with other technical analysis or indicators to improve accuracy.

The Gravestone Doji pattern can be traded using the following tactics.

Trading Techniques for the Gravestone Doji Candlestick Pattern. 

Strategy 1: Retractions on Bare Charts.

The Gravestone Doji is an excellent pattern to keep an eye on when the price is down because it is a negative reversal pattern.

Simply watch for the Gravestone Doji to materialize once a pullback has begun.

That frequently signals the end of the retreat and the beginning of the next downward leg.

For Example…………….......................................................................................................

Strategy 2: Using Support Levels to Trade the Gravestone Doji.

A good area to look for price reversals is at the levels of support and resistance.

We want to use resistance levels when trading the Gravestone Doji since we are searching for moves to the downside.

How it operates:

·      On your charts, draw the levels of resistance.

·      Hold off until the price rises and reaches the resistance level.

·      Verify whether a Gravestone Doji shows up at that level.

·      When the price breaches the Gravestone Doji's low, it is short.

·      Assume a downward move and set your take-profit and stop-loss levels.

For Example……………..................................................................................................

Strategy 3: Using Moving Averages to Trade the Gravestone Doji.

When it comes to trading patterns, moving averages are excellent indicators.

When the price is declining, the strategy is to trade pullbacks to the moving average.

How it operates:

·      When the price falls below a moving average, you can identify a downtrend.

·      Hold off until the price rises and reaches the moving average.

·      Verify whether a Gravestone Doji shows up at the moving average.

·      When the price breaches the Gravestone Doji's low, it is short.

·      Decide on your take-profit and stop-loss levels and anticipate further declines.

For Example…………….............................................................................................. 

Strategy 4: Using RSI Divergences to Trade the Gravestone Doji.

Compared to the other trading tactics, this is a little different.

The price must first be on an upward trend, producing higher highs and higher lows, in order to identify a bearish RSI divergence.

This is how it operates:

·      Look for an upward trend.

·      After each leg to the upside, note the highs the price reaches.

·      Compare the price highs and the RSI indicator simultaneously.

·      You can identify a divergence when the price makes higher highs and the RSI makes lower highs.

·      You now watch for a Gravestone Doji to show up at a higher price high that coincides with a lower RSI high.

·      When the price breaches the Gravestone Doji's low, it is short.

·      Assume a downward move and set your take-profit and stop-loss levels.

For Example……………..................................................................................................… 

Strategy 5: Using Fibonacci to Trade the Gravestone Doji.

The Fibonacci retracement tool is another well-liked method of trading the Gravestone Doji candlestick.

Fibonacci indicates retracement levels at which the price is likely to regularly revert.

Different levels are more likely to complement the Gravestone Doji pattern depending on the trend's intensity. More information about the various Fibonacci retracement levels may be found here.

This is how the tactic operates:

·      You want to watch the price at the beginning of a new trend or on a downward one.

·      A move to the upside will then occur, and you wait for it.

·      Draw the levels from the move's peak to low using your Fibonacci tool.

·      You should wait until the price reaches a Fibonacci level and prints a Gravestone Doji.

·      When the price breaches the Gravestone Doji's low, it is short.

·      Assume a downward move and set your take-profit and stop-loss levels.

For Example……………...................................................................................................

Strategy 6: Using Pivot Points to Trade the Gravestone Doji.

Pivot points are automatically determined levels of resistance and support based on mathematical calculations.

Although the Weekly and Monthly Pivot Points are also commonly employed, the Daily Pivot Points are the most popular if you are day trading.

Here's how to use pivot points to trade the Gravestone Doji pattern:

·      Turn on your charts' Pivot Points indicator.

·      Look for pivot points that is above the price; these will typically act as resistances.

·      Although it's not necessary, it's ideal to observe the price declining.

·      Await a price increase to reach a Pivot Point level.

·      You want to see the Gravestone Doji pattern at that level, which indicates that the level is being rejected.

·      When the price breaches the Gravestone Doji's low, it is short.

·      Establish your take-profit and stop-loss levels and anticipate a decline.

For Example……………..................................................................................................... 

What Is The Gravestone Doji's Success Rate? 

The Gravestone Doji candlestick pattern has a 60% success rate, per Thomas N. Bulkowski's Encyclopedia of Candlestick Charts.