Dragonfly Doji
A doji whose open, close and high are all near the top of the candle, leaving a long lower wick and effectively no upper one.
Price fell during the period and came all the way back. The long lower wick is read as buying that appeared at the low, which makes this the most bullish member of the doji family — though "most bullish doji" is a claim about one shape relative to another, not about whether either works.
What a dragonfly doji has actually done
Every occurrence we hold, scored on whether price moved more than 0.5% in the pattern’s own direction within three candles.
| Timeframe | Occurrences | Reached target | Baseline | Edge |
|---|---|---|---|---|
| 1H · crypto | 2,836 | 22.0% | 22.3% | -0.3pp |
| 4H · crypto | 1,424 | 23.5% | 33.6% | -10.2pp |
| 1D · crypto | 519 | 27.4% | 39.4% | -12.0pp |
Baseline is the share of ordinary candles that passed the same test over the same period, same timeframe and same direction. A rate at or below it means the shape added nothing. Edge is the difference between the two. This is a record of what followed, not a forecast.