Hammer Candlestick Pattern: Definition, Importance & Usage Examples

Both indicate possible trend reversals but must be confirmed by the candle that follows. A Dragonfly Doji is a type of candlestick pattern that can signal a potential reversal in price to the downside or upside, depending on past price action. It’s formed when the asset’s high, open, and close prices are the same. The argument is that a breach…

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