Dragonfly Doji

A Dragonfly Doji is a basic candlestick in the shape of a Hanging Man (in an uptrend) or a Takuri Line (in a downtrend).

Due to the identical opening and closing prices, it is classified as a doji candlestick.

The market after the appearance of a Dragonfly Doji can behave unpredictably, but another interpretation draws attention to the fact that such a candlestick can announce a reversal after a long downtrend, especially when the lower shadow is very long, building the Takuri Line pattern.