Bearish Dragonfly Doji
- Type: Reversal
- Relevance: Bearish
- Prior Trend: Bullish
- Reliability: Medium
- # of Sticks: 2
Definition:
Very similar to the Hanging Man patter, the Bullish Dragonfly Doji is a single candle pattern that occurs at the top of an uptrend. The stock gaps higher and trades lower throughout the candle but ultimately reverses and closes at the open price. The difference is that the Dragonfly closes at the open price (there is no body) while the Hanging Man has a body.