what is a dragonfly doji candle 
the dragonfly doji is a candlestick pattern stock that traders analyze as a signal that a potential reversal in a security s price is about to occur depending on past price action this reversal could be to the downside or the upside the dragonfly doji forms when the stock s open close and high prices are equal it s not a common occurrence nor is it a reliable signal that a price reversal will soon happen the dragonfly doji pattern also can be a sign of indecision in the marketplace for this reason traders will often combine it with other technical indicators before making trade decisions 