Dragonfly Doji
A doji with a long lower wick and no upper wick: sellers pushed price down, buyers dragged it all the way…
In plain English
A doji with a long lower wick and no upper wick: sellers pushed price down, buyers dragged it all the way back.
A dragonfly doji opens, closes and peaks at about the same price, with a long tail below. It looks like a T.
It shows sellers had control mid-session, then buyers erased the whole drop. At the bottom of a decline it is read as a possible bullish reversal. Its upside-down twin is the gravestone doji.
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