The "Gravestone Doji" Is The #1 Chart Pattern

24
A long time ago i was talking to a friend
of mine over the phone.

He lives in Australia now.His father
had a high paying job.

Because of that his father
used his resources to help

his first born child
immigrate to a first world country.

This strategy is very common in the
upper middle class
all around the world.

People with high paying jobs use their
resources to immigrate to first world
nations to gain wealth

So if you re open minded and dont
mind changing your culture

immigration can be a good fit
for you

Anyway over the phone he
reminded me

about how much i always
wanted to watch star wars
the movie.

Look at the chart GS
We call that the gravestone doji.

Its a reversal pattern.
Based on the price pattern
called "FOMO"

  • The fear of missing out.

Now notice when you look

at the rate change.The price
shows you like a double top and then
"wam" it crashes?

  • In the momentum world


or money supply
world the market has crashed..

Even though the price action is
on a new high.

  • Do you see the reversal?


Price represents demand
while rate of change represents supply.

When you have a low
supply for example
as you can see on the rate of change.

But you also have high demand
represented by price.

  • You get an increase in price.


This doji type reminds me of
the red light sword of Darth Vader.

Rocket boost this content to learn more.

Disclaimer: Trading is risky please use a simulation
trading account and learn risk management
and profit taking strategies.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.