Open and close land on the same price, with a single long wick reaching off to one side. The mark of a level probed and then fully recovered over the session tells how the fight at a bottom or a top resolved. Two mirror-image variants of the doji.
The Dragonfly Doji and the Gravestone Doji are dojis where the open and close land at nearly the same price, with a single long wick reaching off to one side.
Among bodyless dojis, these two stand out because their wick clearly favors one side. The Dragonfly drops a single long wick below, the Gravestone stretches one above.
A Dragonfly at a bottom signals a bullish reversal; a Gravestone at a top signals a bearish reversal.
How to Read
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In a Dragonfly, the open, close, and high sit at nearly the same price, a long lower wick hangs down, and there is almost no upper wick. It is a T shape: price was sold off hard during the session, then fully recovered by the close.
The Gravestone is the opposite. The open, close, and low sit at nearly the same price, a long upper wick stretches up, and there is no lower wick. It forms an inverted T: a level that was bought up but fully given back by the close.
Think of these two as the body-stripped versions of the Hammer and the Shooting Star: the same shapes, but with the body shaved away entirely.
How to Read
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