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Louis Jnr Book

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In the chart above, the market was testing the<br />

previous support level that caused a strong rejection<br />

from this area.<br />

The formation of the dragonfly Doji with the long<br />

lower tail shows us that there is a high buying<br />

pressure in the area.<br />

If you can identify this candlestick pattern on your<br />

chart, it will help you visually see when support and<br />

demand are located.<br />

When it occurs in a downtrend, it is interpreted as a<br />

bullish reversal signal.<br />

But as i always say, you can’t trade candlestick pattern<br />

alone, you will need other indicators and tools to<br />

PAGE<br />

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