Ariel Way, Inc. (fka AWYI)

[infinity888]

Dragonfly Doji's are Doji's that opened high in the market, experienced a notable decline, but received enough support to close at the same price at which it opened. They are often seen after there has been a moderate decline and when they are confirmed with a bullish engulfing, they are indicators of a bottom reversal. Dragonfly Doji's indicate a bullish trend that offers moderate reliability.

The Dragonfly Doji has a higher reliability rate associated with it than the Hammer does.

The long lower shadow is about two to three times the size of the real body.
There is very little upper shadow, or none at all.
The real body is at the upper end of the trading range.
The color of the real body is not important.