Bullish Dragonfly Doji
- Type: Reversal
- Relevance: Bullish
- Prior Trend: Bearish
- Reliability: Medium
- # of Sticks: 1
Definition:
Bullish Dragonfly Doji is a single candle pattern that occurs at the bottom for a downtrend. Very similar to a Bullish Hammer the stock opens and trades much lower but also reverses and some point during trading. The difference is that the Dragonfly closes at the open price (there is no body) while the Hammer has a body.