Graveston Doji on CPG

Somehow the selling pressure on CPG has dissipated. After a series of red candlesticks we finally find a “calm after the storm”. Our latest candlesticks formation is called a Gravestone Doji. When this pattern appears during the decline, this means that the bears are losing strength and bulls may take over the market soon. But since this has a low reliability, we need to see a confirmation such as a gap up or a large green candlestick to be sure that the reversal is at hand. But even if there is reversal, I think this is for short term only. So don’t be so greedy when you have profit.

Caveat!

One Response to Graveston Doji on CPG

  1. […] I think this is for short term only. So don't be so greedy when you have profit. Caveat! Graveston Doji on CPG Reply With […]

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