Dragonfly Doji β Bullish Reversal Signal ππ
π The Dragonfly Doji forms when the open, high, and close are near the same level, with a long lower shadow β showing buyers fought back strongly.
β
Meaning: Sellers pushed price down but buyers regained control β bullish reversal likely, especially after a downtrend.
π Example: Stock falls βΉ410 β βΉ370, forms Dragonfly Doji with long lower wick and closes βΉ410 β signals potential bottom and start of reversal.
π§ Rule: Confirmation needed with a strong bullish candle next day.
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