Dragonfly Doji illustration If the Dragon Doji pattern forms at the end of a downtrend, it can be considered a buy signal, as shown below. ETH/USD daily price chart featuring Dragonfly Doji.

In this guide, we’ll explore what the Dragonfly Doji represents, the conditions under which it forms, and actionable strategies for trading it effectively.

When using the doji candlestick pattern to trade forex, profit targets will often be set after key support and resistance levels have been identified on an exchange rate chart.

The patterns can also appear on candlestick charts, but chart formations are different than candlestick patterns. Chart patterns include names like Triple Bottoms, Diamonds, Wedges, or Head and ...

Candlestick Chart Interpretation Example: MSFT Let’s take a look at a candlestick chart for Microsoft for the trading week of 02/14/2022, wherein each candle represents one trading day.

Comex gold futures are poised to test resistance at $3,400/oz, based on daily chart, RHB Retail Research’s Joseph Chai says in commentary. While latest “Doji” candlestick pattern suggests both bulls ...

Ether: Signs of Indecision Ether's (ETH) Doji candle on Monday signals indecision in the market following a near 90-degree rise from $2,100 to $3,800 in less than four weeks. The pattern has ...

Ether (ETH) printed a doji candle with a prominent upper wick on Sunday, signaling market indecision at record highs. This ...