Learn these candles and you will not lose anything anymore
What is Dragonfly Doji?
Dragonfly Doji is a pattern of Japanese candlesticks that indicates a potential bullish reversal in the market. It is characterized by:
- Long lower shadow: reflects the rejection of prices to decline.
- Close and open prices that are close or identical: indicate a balance between buyers and sellers.
Why is it important?
- A strong buy signal: especially when it appears after a bearish trend.
- Volume confirmation: if accompanied by high trading volume, its credibility increases.
How to benefit from it?
1. Wait for confirmation: A green candle after Dragonfly Doji reinforces the signal.
2. Place a stop loss: below the lower shadow for protection.
3. Target nearby resistance: as the first profit target.
Exciting summary:
Dragonfly Doji is a wake-up call for buyers! 📢 Get ready to jump on the opportunity when it appears, but always with smart risk management.
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