A doji candlestick with a long lower wick and no upper wick, forming when open, close, and high are at the same level. Bullish reversal signal.
Technical analysis traders rely on Dragonfly Doji to read price action objectively. Knowing exactly what it signals — and what it does not — separates disciplined chart readers from gut-feel traders.
A dragonfly doji at the support level indicated strong buying rejection, and price rallied the next day.
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