Dragonfly Doji candlestick pattern
A doji where the open, close, and high are all near the same price, with a long lower wick. Sellers pushed price far down and buyers bought every bit of it back.
Illustrative shape. Real patterns vary in proportion.
How to identify a Dragonfly Doji
- Open and close at (or very near) the same price
- Both sit at the top of the session's range
- Long lower wick, no meaningful upper wick
- Most significant after a downtrend
What the Dragonfly Doji tells you
The session began with heavy selling, then buyers stepped in and drove price all the way back to the open. That complete recovery is a strong sign of demand at the lows.
How traders use it
Traders typically wait for a higher close on the next candle and place stops below the dragonfly's low. It's especially notable when the long lower wick tags a known support level.
Before taking any pattern-based trade, decide your stop first and size the position from it with the position size calculator.
Think you'd spot it on a chart?
Take the Beginner quiz: single-candle patterns →Related patterns
Frequently asked questions
Is the Dragonfly Doji bullish or bearish? +
The Dragonfly Doji is a bullish reversal pattern. A doji where the open, close, and high are all near the same price, with a long lower wick. Sellers pushed price far down and buyers bought every bit of it back.
How reliable is the Dragonfly Doji? +
No candlestick pattern works every time. Patterns are more reliable when they form at a meaningful level (support, resistance, a moving average), after a clear trend, on higher volume, and when the next candle confirms them.
Do I need confirmation to trade the Dragonfly Doji? +
Most traders want it. Waiting for the next candle to move in the expected direction filters out many false signals, at the cost of a slightly worse entry price.
Skip the memorization, let an agent read the chart
Zentrix MCP gives Claude, GPT, and Gemini live access to price action and technical patterns, so your AI can flag setups for you.