Dragonfly Doji (Bullish Reversal)

The one day Bullish Reversal pattern Dragonfly Doji is a rare candlestick pattern that occurs at the bottom of a downtrend. It is very similar to the Bullish Hammer Pattern, except on a Dragonfly Doji the opening and closing prices are nearly identical with no body.

The Bullish Dragonfly Doji is considered to be more reliable than a Bullish Hammer and tends to be a stronger bullish signal. The pattern is considered most reliable after an established bearish trend. 
 

Last Updated: 19 Oct 2021, 07:47 p.m. (IST)

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