A Dragonfly Doji is a type of candlestick pattern that can signal a potential reversal in price to the downside or upside, depending on past price action. The pattern is created when the open and close prices are equal, with the high and low prices forming the body of the candle. The resulting doji signals indecision or uncertainty from traders, which could lead to a reversal in price.The key factor to look for when analyzing a Dragonfly Doji is whether it appears as part of an established trend. If it does, then it's likely that the trend will continue after the doji forms. However, if there's been no clear trend leading up to the doji, then it may be signalling a change in direction for prices.
