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Dragonfly Doji

Bullish

A doji with a long lower wick and no upper wick. Opens and closes at the high, showing strong rejection of lower prices.

Success Probability:

73%

Pattern Visualization

How to Identify

Open and close at high of the day
Long lower wick
No upper wick
T-shaped appearance

Trading Tips

Bullish reversal signal. Stronger at support levels. Confirm with next candle. Enter above high.

A doji with a long lower wick and no upper wick. Opens and closes at the high, showing strong rejection of lower prices.

Trading Strategy

Bullish reversal signal. Stronger at support levels. Confirm with next candle. Enter above high.

How to Identify

Open and close at high of the day
Long lower wick
No upper wick
T-shaped appearance

Risk Management

With a 73% success probability, this pattern offers moderate reliability. Use smaller position sizes and require additional confirmation.