What Is Dragonfly Doji?
The Dragonfly Doji is a single candle with virtually no body (open equals close at the high) and a long lower shadow. It appears at support levels, showing that sellers drove price lower but buyers pushed it back to the opening level.
Win Rate
58%
Avg Move
2.2%
Best TF
Daily
BullishSingle Candle1 CandleBeginnerModerate Reliability
Key Characteristics
- Open and close at or near the candle high
- Long lower shadow showing price rejection
- No or minimal upper shadow
- Most effective at support levels in downtrends
Learn More About Dragonfly Doji
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