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A gravestone doji is a type of doji candlestick pattern that is characterized by a small body at the top of the chart with long wicks extending downward from both ends. The long lower wick indicates that the security’s price has fallen significantly during the day, but ultimately ended up closing at or near the opening price. The small body at the top of the chart indicates that there was little price movement throughout the day.

Gravestone doji candlesticks are generally seen as bearish patterns, indicating that sellers were able to push the price down significantly, but ultimately buyers were able to push the price back up to the opening level. This can be seen as a sign of weakness or lack of buying momentum, and may indicate that the security’s price is likely to continue to fall.

It is important to note that gravestone doji candlesticks should not be interpreted in isolation, but rather in the context of the overall trend and other technical analysis tools and indicators. Technical analysis is just one approach to evaluating securities, and it is important to consider other factors such as fundamental analysis and market conditions when making investment decisions.