🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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Learn one candlestick pattern every day
The grave stone, also known as the inverted T-shaped line, is a single bearish reversal candlestick in the 12K gold chart, often used as a signal that an upward trend is about to correct or reverse.
There are no color requirements for tombstones; they can be either阴线 (yin line) or阳线 (yang line), but there are very high structural requirements. The most perfect situation is to only allow the presence of long upper shadows without any lower shadows, and the solid part must be very short.
Grave stones can also have deformable structures, allowing for the presence of shadow lines, but they must be very short.
Note:
1. The appearance of continuation patterns is often seen in the early to mid stages of an upward trend.
3. The appearance of a top at the end of an upward trend is likely a signal of a trend correction or reversal.
3. The grave stone is not in a key position, throw it away immediately!
4. Don't rush to enter when you see the tombstone, but wait for a second opportunity.