Dragon fly doji Candlestick pattern #stockmarket #candlestickpattern #viralvideo #trading

Dragon fly doji Candlestick pattern #stockmarket #candlestickpattern #viralvideo #trading The Dragonfly Doji is a candlestick pattern that signals potential trend reversals in the market. It forms when the open, high, and close prices of a security are at or near the same level, with a long lower shadow and little to no upper shadow. Open, high, and close are nearly the same. Long lower wick, indicating strong rejection of lower prices. No or very small upper wick. The Dragonfly Doji suggests that sellers dominated the session, pushing prices lower, but buyers regained control, driving the price back up to the opening level. This creates a strong bullish reversal signal, especially when it appears after a downtrend. Bullish Reversal Signal (if found at the bottom of a downtrend). Confirmation Needed: The next candle should be bullish to confirm the reversal. Support Level Importance: If the Dragonfly Doji forms near a strong support level, it increases the likelihood of a price reversal. Stop-Loss Placement: Traders often place a stop-loss below the lower wick of the Dragonfly Doji for risk management. #shorts #short #shortsfeed #youtubeshorts #trending #viralshorts #shortsvideo #shortvideo #youtubeshort #viral #viralvideo #ytshorts #dragonfly doji candlestick pattern #doji candlestick pattern #dragonfly doji candlestick pattern in hindi #dragonfly doji pattern #gravestone doji candlestick pattern #how to trade dragonfly doji candlestick #candlestick patterns for beginners