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Tuesday, 03/05/2013 9:25:51 AM

Tuesday, March 05, 2013 9:25:51 AM

Post# of 42897
$NSAV BULLISH GRAVESTONE FORMED YESTERDAY! BULLISH TREND CONFIRMED?

Definition:

Gravestone Doji is a specific Doji with opening and closing prices equal to the low of the day. The Bullish Gravestone Doji Pattern is a bottom reversal pattern. Similar to its cousin the Bullish Inverted Hammer Pattern, it occurs in a downtrend and represents a possible reversal of trend.

Recognition Criteria:

1. Market is characterized by downtrend.
2. We see a black body formed at the lower end of the trading range.
3. We then see a Doji, which does not have a lower shadow in the second day.
4. No gap down is required.

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