How to Trade Pocket Option Using Bullish Gravestone Doji Candlestick Analysis

In the previous article, I discussed the "Bullish Dragonfly Doji" candlestick pattern, which is a type of candlestick pattern with a medium level of accuracy. But on this occasion, I will share a Pocket Option Trading strategy Using Bullish Gravestone Doji Candlestick Analysis. This Bullish Gravestone Doji Candlestick Pattern is also only formed by candlesticks that tell us that a market price reversal is taking place.

Reversal of trend direction (Berish) towards trend (Bullish). Of course, this is a signal given to us as traders to buy shares, the potential profit of course will be very large if we manage to make purchases at this reversal point. So that we better understand the meaning of the Bullish Gravestone Doji Candlestick pattern, I will discuss it in detail in this article.

Bullish Gravestone Doji Candlestick

The picture above shows that the Bullish Gravestone Doji Candlestick pattern is formed by a Doji candlestick with a tail long top. We can see that this candlestick formed right after a long (Bearish) trend. This candlestick tells us that previously, the (Bullish) candlestick dominated the price so that it could push the candlestick back. (Bearish) far into the area.

Then, the Bearish candlestick launches a counterattack so that the Bullish candlestick is pushed back to its starting point. In closing, it seems that the strength of the Bullish candlestick and the Bearish candlestick is equally strong.

If we conclude with this event, then the meaning of the Bullish Gravestone Doji candlestick pattern becomes clear. And the message is the strength of the Bearish candlestick is starting to weaken, while the Bullish candlestick is starting to get stronger. In this case, we can predict that the candlestick Bullish will win the next price battle. The stock price in a market will start to rise, but the certainty is not high enough so we need confirmation before making a purchase.

Bullish Gravestone Doji Candlestick Confirmation

Like the picture we saw above, I have added a long blue candlestick and a confirmation line. The blue candlestick looks to have penetrated above the confirmation line, this means that it tells us that the Bullish candlestick has gone completely and can overcome the strength of Bearish candlestick forces. We can predict that the Bullish candlestick will dominate the price going forward, it's time for us to make a purchase (UP) because it has been confirmed.