SpyMasterTrades on Nostr: Great question! It doesn't take on a different name after a downtrend (it's still a ...
Great question! It doesn't take on a different name after a downtrend (it's still a gravestone doji), but when it occurs after a strong downtrend it usually reflects capitulation because it can be a sign of renewed selling at any sign of strength. So if you see a gravestone doji after a strong downtrend, it's usually trapped longs trying to get out at any sign of strength to cut their losses.
At a market top, a gravestone doji is also just the higher timeframe version of a tweezer top. For example, a tweezer top on the 30-minute chart is essentially a gravestone doji on the 1-hour chart.
Published at
2023-12-22 01:38:01Event JSON
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"content": "Great question! It doesn't take on a different name after a downtrend (it's still a gravestone doji), but when it occurs after a strong downtrend it usually reflects capitulation because it can be a sign of renewed selling at any sign of strength. So if you see a gravestone doji after a strong downtrend, it's usually trapped longs trying to get out at any sign of strength to cut their losses. \n\nAt a market top, a gravestone doji is also just the higher timeframe version of a tweezer top. For example, a tweezer top on the 30-minute chart is essentially a gravestone doji on the 1-hour chart.",
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