When long-legged doji occurs outside the band Bollinger, my experience says you should be extremely careful about the possibility of reversal. And then sell signal given as stochastics indicator is usually very reliable warning that adjustments will occur.
A "gravestone doji", as the name suggests, is probably the most frightening of all candle. On that day, prices rallied, but could not stand the "height", they achieved. By the end of the day when the doors closed on the same level. Here is an example of a gravestone doji:
read more Doji with bollinger band
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Sunday, August 21, 2011
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