$SSOF dragonfly doji??? >>> The reversal implications of a dragonfly doji
depend on previous price action and future confirmation. The long lower shadow provides evidence of buying pressure, but the low indicates that plenty of sellers still loom. After a long downtrend, long black candlestick
, or at support, a dragonfly doji
could signal a potential bullish
reversal or bottom. After a long uptrend, long white candlestick
or at resistance, the long lower shadow could foreshadow a potential bearish
reversal or top. Bearish
confirmation is required for both situations.