The Bullish Dragonfly Doji: For a Doji to be created, a day must begin and end with the same price. A Doji is formed when the opening and the closing prices are the same. So essentially there is no stick in the candlestick.

A Doji may not look very exciting to you. But dont be fooled. Doji patterns are usually associated with a market turn. Doji depicts a day where the battle between the bulls and the bears has been fairly equal.

For those hoping that prices go higher, the price action depicted by the Dragonfly Doji bodes very well. A Dragonfly Doji is unique in that three of the four candlestick patterns- the open, high and the close are all equal. The low of the Dragonfly Doji day is considered a near term support level. You can make smart trades based on the Dragonfly Dojis.

I looked for a beavertail Doji a la Snezzer but google could not find it...hmmmmm!

Glorieux