How to Read a Dragonfly Doji
A doji with a long lower wick and almost no upper wick -- a common bullish reversal signal after a downtrend.
CANDLESTICK PATTERNS
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1-candle pattern · Bullish reversal
A dragonfly doji has a long lower wick and little to no upper wick, with the open, high, and close all sitting at or near the top of the period’s range. It shows sellers pushed price sharply lower during the session, but buyers recovered essentially all of that ground by the close.
Appearing after a downtrend, a dragonfly doji is read as a potential bullish reversal — the long lower wick suggests a level where demand stepped in hard. As with any single-candle signal, it’s generally treated as more meaningful when it lines up with an existing support level, and traders typically wait for the following candle to confirm the recovery holds before acting on it.
Related patterns
This article is educational only and isn’t a recommendation to trade any particular instrument or pattern — no candlestick pattern works in isolation. See the full candlestick guide for how patterns like this one fit into a broader approach.