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Contextually, when this occurs at the highs of an extended uptrend, we interpret this as exhaustion. This gives us the confidence to take a short position when all criteria are confirmed. For this reason, its success rate is greatly increased when the candle forms at a market top. Joe Marwood is an independent trader and investor specialising in financial market analysis and trading systems. He worked as a professional futures trader for a trading firm in London and has a passion for building mechanical trading strategies.<\/p>\n
Traders should consider the overall market context and broader trends when interpreting Doji patterns. As with any trading tool, it’s essential to practice and experiment to enhance trading gravestone doji<\/a> decisions. All ranks are out of 103 candlestick patterns with the top performer ranking 1. “Best” means the highest rated of the four combinations of bull\/bear market, up\/down breakouts.<\/p>\n Third, the gravestone doji tends to be a relatively accurate method of identifying reversals. Finally, it can easily be used together with other technical analysis tools. The second step is to identify when the gravestone doji pattern happens. As you can see, the price reversed when the Doji pattern happened.<\/p>\nWhat’s the Opposite of a Gravestone Doji?<\/h2>\n