Candlestick Patterns→ Pattern Detail
Dragonfly Doji
A doji with long lower wick, signaling bullish rejection
A dragonfly doji has a long lower wick with open, close, and high at approximately the same level. It shows sellers pushed price down but buyers rejected it back up - a bullish signal especially at support.
✓How to Recognize
- •Long lower wick, minimal or no upper wick
- •Open, close, and high at nearly same price
- •Appears after downtrend or at support
- •Volume spike adds confirmation
⚡How to Avoid
- →Don't sell dragonfly dojis at support
- →Wait for bullish confirmation candle
- →More significant at key support levels
- →Less reliable in RANGE regime