Dragonfly Doji

A dragonfly doji has an open and close near the high with a long lower wick. It shows a deep push down that was almost fully recovered by the close.

At A Glance

• Name: Dragonfly Doji
• Category: Bullish Candle Patterns
• Type: Indecision / Bullish Rejection
• Number of candles: 1 candle
• Typical context: After selling pressure or near support.

How To Identify It

• Body: Tiny body or nearly equal open and close near the upper part of the range.
• Wicks: Long lower wick with little or no upper wick.
• Relationship: The doji body is important because the candle closes very near where it opened.

Look for almost no real body near the top of the candle and a long lower wick. The open and close should be close together, which is what separates it from a regular bottoming tail.

Context

This candle matters most after price has tested lower and returned near the open by the close.

A dragonfly doji is most useful after weakness or near support because the lower wick shows a failed push down. In the middle of a choppy range, it may only show indecision.

What It Shows

The candle shows sellers pushed price sharply lower, but buyers brought it back near the open by the close. That creates lower rejection, but the tiny body also says the candle did not finish with a big directional body.

What To Watch Next

Watch whether the next candles hold the lower wick and push above the doji high. The high and low of the doji become the first areas to judge the reaction.

The read weakens if price immediately breaks the lower wick. That means the recovery inside the candle did not hold up after the close.

Common Confusion

A dragonfly doji is close to a hammer shape, but the body is much thinner because open and close are nearly equal.

Key Takeaway

A dragonfly doji combines lower rejection with doji-style indecision. It matters most when it forms after weakness or at a level buyers may defend.

Related Lessons

• Bullish Pin Bar
• Bullish Engulfing
• Bullish Candle Patterns
• Candlestick Basics