A dragonfly doji can be used to predict a price reversal. A decreasing trend in the price of a security could indicate an impending price hike. In this scenario, the dragonfly is bullish.
A Doji is a cross-shaped candlestick pattern in which the opening and closing prices are equal or nearly equal. A Doji, when viewed alone, suggests that neither the buyers nor the sellers are gaining — it's a sign of indecision.
Because the dragonfly doji is uncommon, it is not a reliable tool for detecting most price reversals. When it does happen, it isn't always accurate. Following the confirmation candle, there is no guarantee that the price will continue in the expected direction.
When the prior candlesticks were bearish, buyers were able to push the price higher from the session low all the way back to the open price. This indicates that the tide has shifted. Tip #3: It doesn't matter what colour the candlestick is; it can be red or green.
Learner's Ratings
4.5
Overall Rating
76%
7%
11%
0%
6%
Reviews
A
Amir Tufail
5
So it's mean that Trends are 3 types : i) Bullish (ii) Barresh (iii) Siteway
And Traders are i) position trader (ii) Swing Trader (iii) Day trader (iv) Scalper Trader
B
Bhimani Nirbhay
5
good l
M
Mohd Abdullah
4
Nice
A
Akash Kumar
5
NA
B
Bhupendra Yadav
5
Sir Its Very Ausome Course And Your Tecnic Is Very For Teaching
D
Deepanshu Singh
5
Best Technical Analysis Course....
M
md arman
5
i watch this 4,5 times but really i don't understand the topic.
P
Parshuram Bagade
5
Very nice explaination about stock market
S
Subham Kumar sahu
5
Option trading course
P
Prasoon Dixit
5
As we know in fundamental basics we need to follow the two approaches 1 top-down approach 2nd Bottom-up approach.Kindly give some examples of bottom-up approach and top-down approach,(Discussion box?)
Share a personalized message with your friends.