GREY:BLKCF - Post by User
Post by
RobertKuon Jan 31, 2018 7:21pm
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Post# 27475406
Anticipating a reversal !
Anticipating a reversal !
\Dragonfly Doji
Bullish reversal
Medium
During a downtrend, there is a massive sell off after the candle starts. However, the candle closes at or near its high and at the same level as the open.
This signifies a weakening of the previous bearish sentiment.
The longer the lower shadow, the smaller the upper shadow, and the smaller the real body, the more significant the pattern is.
White real body is more bullish than black body.