Dragonfly Doji - Tutorial

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Dragonfly Doji

Description

This bullish reversal pattern is moderately reliable.

A doji forms at the upper end of a trading range with a long lower wick. The longer the wick, the more bullish the pattern.

You can see a downtrend, which is followed by a reversal causing the stock to close at its opening price. This could be a reversal. Confirmation is needed the following day.

Market Opinion

Bullish.

Pattern

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