The Ultimate Guide to Dragonfly Doji Candlestick Patterns

Last updated: February 7, 2024

Dragonfly Doji Pattern

The dragonfly doji pattern occurs when a stock's opening and closing prices are the same as the high for the day:



General Identification & Interpretation

Steve Nison is credited with bringing Japanese candlestick charting to the West. In his book "Japanese Candlestick Charting Techniques" he describes dragonfly doji patterns with the following characteristics:

Typical characteristics

Examples of use as a trading indicator

Other interpretations

More for beginners

Check out our quick start guide to candlestick charting for more information if you are new to candlestick charting!