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Dragonfly Doji candlestick pattern, which is a significant indicator for traders in financial markets (like stocks, forex, or crypto).

What is the Dragonfly Doji?

The Dragonfly Doji is a type of candlestick that can signal a potential market reversal.

• Appearance: It is characterized by having virtually the same opening, high, and closing price, and a long lower shadow. Visually, it looks like the letter "T" (or a dragonfly resting on a surface, hence the name).

• Location: As shown in the image, the pattern is most significant when it appears at the bottom of a downtrend (the series of falling red candles).

• Interpretation (The Battle of Buyers vs. Sellers):

• During the trading period, sellers (bears) pushed the price significantly lower, creating the long lower shadow.

• However, before the period closed, buyers (bulls) stepped in with immense strength and pushed the price all the way back up to close near the open/high.

• This shows a powerful rejection of lower prices.

What Does the Pattern Signal?

• Signals a bullish reversal: The failure of the sellers to maintain the low price suggests that the selling pressure is exhausted and buyers are now taking control.

• Confirmation: The Doji is followed by a strong green/buying candle, which confirms the pattern and the start of the new uptrend (the rising green candles).#crypto #dojicandle #CryptoIn401k #TrumpTariffs #TrumpTariffs