#candlestick_patterns "Dragonfly Doji: A Reversal Signal!
Spotted a "T"-shaped candlestick after a downtrend? That’s a Dragonfly Doji — a potential sign of bullish reversal.
What It Means: Sellers pushed the price down, but buyers fought back and closed near the opening price. This shows buying pressure and possible trend reversal, especially near support levels.
Key Characteristics:
Long lower shadow
Tiny or nearly invisible real body
No upper shadow
How to Confirm:
Look for a bullish candle right after the Doji
Use supporting indicators like RSI, volume, or trendlines
Most powerful after a clear downtrend
Always confirm with other signals to avoid false breakouts or fake reversals."
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