Dragonfly Doji Pattern 📊📚
The Dragonfly Doji is a single-candle pattern appearing at the bottom of a downtrend. It has a very small or nonexistent body and a long lower shadow, highlighting strong buying interest after initial selling pressure. 📉➡️📈
What It Indicates 🧠📖
This pattern shows that the open, high, and close prices are all near the same level, signaling potential bullish reversal. While it resembles the Hammer pattern, the Dragonfly Doji has virtually no body, whereas the Hammer features a small body at the top.
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