A doji with a long upper shadow and no lower shadow, where price rallied through the period and gave all of it back by the close.
An inverted T: open, low and close at roughly the same price with the high far above. Buyers advanced and were completely repelled.
At the top of a rally or into resistance, a gravestone marks failed demand and can precede a turn. It is the same information as a shooting-star but with the body reduced to nothing.
Confirmation matters more than the candle. A gravestone followed by a close back above its midpoint usually means nothing happened. A gravestone followed by a close below its low, especially on higher volume, is a real change in tone. As with all doji shapes, frequency is high and hit rate is modest; treat it as one input among several rather than a signal to reverse a position on its own.
Original diagrams for the ideas on this page. Illustrative, not real market data.
The parts of a candlestick. One candle sums up a slice of time: the thick real body runs from the opening price to the closing price, and the thin wicks reach out to the highest and lowest prices traded. Colour tells you which way the body ran.Support, resistance and the flip. Support is a price where buyers keep stepping in and the fall stops; resistance is a price where sellers keep stepping in and the rise stops. Once price closes above an old ceiling, that same level often acts as the new floor.
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