NIKKEI MONTH END ALERT : Another Gravestone Doji For the Nikkei

My hair is standing. Another Gravestone ?

Not to be alarmed. AsianMacro says monthly candles are just like checking the weather and no big deal. Besides the last one managed to convert itself into a DRAGONFLY.

[A type of candlestick pattern that signals indecision among traders. The pattern is formed when the stock’s opening and closing prices are equal and occur at the high of the day. The long lower shadow suggests that the forces of supply and demand are nearing a balance and that the direction of the trend may be nearing a major turning point. Source : Investopedia]

Still, it is a sight to behold and I am flummoxed between the Gravestones and Dragonflies.

 

nikkei gravestone