$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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