Single-candle pattern · bullish bias
Dragonfly Doji candlestick pattern
A dragonfly doji opens and closes at or near the session high, with a long lower wick. Sellers pushed price down but buyers brought it all the way back.
How to identify it
- Open, close and high at or very near the same level.
- A long lower wick.
- No meaningful upper wick.
Where it matters: Appears after a decline, near a low.
What it means
A strong rejection of lower prices. After a decline it has a bullish bias.
What confirms it
A next candle closing above the dragonfly's high.
What invalidates it
A close below the dragonfly's low.
Common mistakes
- Treating it as bullish after an advance, where it can instead warn of selling pressure.
- Acting without confirmation.
Frequently asked questions
Is a dragonfly doji bullish?
After a decline it has a bullish bias. After an advance it is less clear and needs care.
How is it different from a hammer?
A hammer has a small real body. A dragonfly doji has almost no body at all.
Related candlestick patterns
Educational content only, not financial advice. Chart patterns describe probabilities, not certainties, and every pattern can fail. See our disclaimer.