Bullish Dragonfly Doji Pattern

The Dragonfly Doji is a strong technical signal in trading. It's characterized by a very close opening and closing price near the high of the period. It forms a very short body, with a relatively long lower shadow and no upper shadow.

This pattern conveys a signal of a rebound from a low in the market during a certain timeframe, potentially attracting new buying interest. Especially when the Dragonfly Doji appears in a downtrend, it suggests an impending reversal in the market, signaling a bullish trend ahead.