GXY 0.00% $5.28 galaxy resources limited

Looks like Bulkowski agrees with Baba: ( Gravestone Doji...

  1. 257 Posts.
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    Looks like Bulkowski agrees with Baba: ( Gravestone Doji (thepatternsite.com) )

    https://hotcopper.com.au/data/attachments/2824/2824665-50ea3fe68df1c1db3012bbc5d9e9163c.jpg

    Also looks like Bulkowski doesn't rate them highly based on his testing, and looks like the market (at the moment) agrees: rolleyes.png

    "Many people look at a gravestone doji with alarm, especially during an uptrend. They believe that it signals a bearish reversal. It does, but only 51% of the time. I call that random. The trend after the reversal does not amount to much, placing the performance rank at 77 out of 103 candles where a rank of 1 represents a trend that really moves. There are exceptions, of course, and a gravestone doji can signal a lasting trend change. The analysis I conducted (see my Candlestick Encyclopedia book) highlights several tips to identify gravestone doji candles that outperform. See the above link."


 
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