{"id":97,"date":"2009-12-31T09:48:46","date_gmt":"2009-12-31T15:48:46","guid":{"rendered":"http:\/\/www.stockhideout.com\/stock-blog\/?p=97"},"modified":"2009-12-31T09:48:46","modified_gmt":"2009-12-31T15:48:46","slug":"bullish-dragonfly-doji-pattern","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/learn\/bullish-dragonfly-doji-pattern\/","title":{"rendered":"Bullish Dragonfly Doji Pattern"},"content":{"rendered":"

\"bullish<\/a><\/p>\n

BULLISH DRAGONFLY DOJI PATTERN (BDDP)<\/strong>
\nthe shorts having the incentive to cover their short positions<\/p>\n

Characteristics:<\/strong>
\n1.\tThe market is on an overall downtrend;
\n2.\tThere is a Doji at the upper end of the trading range; and
\n3.\tThe Doji has an extremely long lower shadow but does not have an upper shadow.<\/p>\n

Brief Explanation:<\/strong>
\nThe BDDP is a single stick pattern that occurs during a downtrend. The market here is in an overall bearish mood. Then the market opens and sells off sharply. But the sell-off suddenly stops and the prices now start going up and close near the day\u2019s high (thus, the long lower shadow). The failure of the market to go on selling diminishes the bearish feeling. If the market opens higher the next day, many shorts will have a big incentive to cover their short positions.<\/p>\n

Notes:
\n1.\tThe BDDP is more bullish than the Bullish Hammer Pattern
\n2.\tThe pattern\u2019s reliability is high, but a confirmation of the trend reversal is still recommended (through a white stick, a large gap up or a higher close on the next trading day.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

BULLISH DRAGONFLY DOJI PATTERN (BDDP) the shorts having the incentive to cover their short positions Characteristics: 1. The market is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[23,12,8],"tags":[],"class_list":["post-97","post","type-post","status-publish","format-standard","hentry","category-2-medium-reliability-bullish","category-bullish-candlesticks","category-candlestick-charts"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/posts\/97","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/comments?post=97"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/posts\/97\/revisions"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/media?parent=97"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/categories?post=97"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/tags?post=97"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}