Dragonfly Doji

The dragonfly doji is a bullish reversal pattern that occurs when the open, high, and close prices are all equal or very close together. It has a long lower shadow, which indicates that there was a lot of selling pressure during the day, but the buyers were able to push the price back up to the opening price.

The dragonfly doji is considered to be a reliable signal of a trend reversal, but it should be used in conjunction with other technical indicators to confirm the pattern.

Here are some tips for trading the dragonfly doji pattern:

• Look for the pattern to form after a strong downtrend.
• The long lower shadow should be at least twice the length of the body of the candle.