Louis Jnr Book

Remember always that a Doji indicates equality and
indecision in the market, you will often find it during
periods of resting after big moves higher or lower.
When it is found at the bottom or at the top of a
trend, it is considered as a sign that a prior trend is
losing its strengths.
So if you are already riding that trend it’s time to take
profits, it can also be used as an entry signal if it is
combined with other technical analysis
The Dragonfly Doji pattern
The Dragonfly Doji is a bullish candlestick pattern
which is formed when the open high and close are the
same or about the same price.
What characterizes the dragonfly Doji is the long
lower tail that shows the resistance of buyers and
their attempt to push the market up.
See the example below:
The illustration above shows us a prefect dragonfly
Doji. The long lower tail suggests that the forces of
supply and demand are nearing a balance and that the
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