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Forex 101 EducationHow to Trade CandleStick Introduction |
Dragonfly Doji
A ‘Dragonfly' Doji has a long lower shadow and a very tiny candlestick body (sometimes it doesn’t have a candlestick body). It is formed when the open, close and high prices are at the same level. This formation is rarely to be found. The current market first opened at a high price, then dropped during the trading session (because selling is more than buying), and then finally closed at the same high level with the opened price (indicates the bulls have the strength to force the prices up again). This formation is a bullish signs which normally found at the bottom of a downtrend market.
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