<p><strong>Dragonfly <a href="/NewSite/encyclopedia/doji/" class="ency-link">Doji</a></strong> is a bullish candlestick pattern characterized by a small real body near the low of the day, with a long lower wick (shadow) and no upper wick. It signals indecision at the bottom, with buyers stepping in to push the price up.</p>
<p>Dragonfly Dojis matter as they often indicate a potential trend reversal from bearish to bullish. For instance, after a downtrend, if the price forms a Dragonfly Doji, it suggests that sellers are exhausted and buyers are ready to take control, signaling a possible trend change.</p>