October 28, 2010

Dragonfly Doji of Dow Jones Futures

  • Dragonfly Doji in dow jones Futures chart.
  • The appearance of this candle shows the strength of buyers and the candle shows the momentum of price. So this pattern can push the price higher to an extent wherever they occur. The success rate of this pattern is quite high. 
  • The shadow at the top is acceptable if it is small. The perfect dragonfly doji does not have the shadow at the top.

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