The Ultimate Guide to Gravestone Doji Candlestick Patterns

Last updated: February 7, 2024

Gravestone Doji Pattern

The gravestone doji pattern occurs when a stock's opening and closing prices are the same as the low for the day:

General Identification & Interpretation

Steve Nison is credited with bringing Japanese candlestick charting to the West. In his book "Japanese Candlestick Charting Techniques" he describes gravestone doji patterns with the following characteristics:

Typical characteristics

• The candle has a long upper shadow
• The candle's opening and closing prices are the same as the low for the day

Examples of use as a trading indicator

• The gravestone doji candle is a bearish indicator if present in an uptrend, as the market was unable to hold on to highs seen throughout the trading day

Other interpretations

• Similar to a shooting star pattern, except instead of a small real body at the bottom of the candle, the opening and closing prices are the same

More for beginners

Check out our quick start guide to candlestick charting for more information if you are new to candlestick charting!