Note: This documentation applies to the Nuvexlens Advanced Charting System. Nuvexlens fully supports technical indicators and strategy backtesting to help you make smarter trading decisions.
Dragonfly Doji - Bullish
Dragonfly Doji is a pattern that regularly appears at pivotal market moments. This is a specific Doji where both the open and close price are at the high of a given day or are relatively close to it. A dragonfly doji with a longer lower shadow signals a bullish trend.
The bearish version of the Dragonfly Doji pattern is the Gravestone Doji pattern.
