Trader's Logbook

It looks like PSE is ready to correct at this point in time. A medium reliability Gravestone Doji can be seen on its daily chart after the market closed. Gravestone Doji is a pattern wherein the opening and closing prices are at the low of the day. The Bearish Gravestone Doji Pattern is a top reversal pattern. It appears during an uptrend representing a possible reversal of trend. But this candlestick has a medium reliability so we still need to get a confirmation by way of a gap down or a large red candlestick that closes below the previous price.

Caveat!