A Perfect Dragonfly Doji is a powerful short-term bullish reversal signal, but only when it appears in the right context. The strongest setup: two red candles → Dragonfly Doji → green confirmation candle.
altFINS Screener automatically finds these ideal patterns, making it easy to spot early reversals. Perfect Dragonfly Dojis near a Support level can mark the start of sharp upside moves.
This Bullish Indicator Could Signal Trend Reversal: Perfect Dragonfly Doji
Dragonfly Doji (candlestick pattern) is a useful signal for short-term bullish trend reversals.
But it needs context to work well. And it needs combining with support levels.
Our Screener has identified several coins with a recent 'Perfect' Dragonfly Doji near Support levels. Here are the scan results.
Here's what a plain vanila Dragonfly Doji looks like:
Dragonfly Doji signals bullish (Buy) trend reversal (tutorial).
Gravestone Doji signals bearish (Sell) trend reversal (tutorial).
TIP: use altFINS Screener to scan for over 30 candlestick patterns. Read tutorial.
The signal is much stronger when Dragonfly Doji is preceded by at least two red candles (two down days) and followed by a green candle (up day), which confirms the reversal.
We call that a Perfect Dragonfly Doji.
Even stronger signal is when the Perfect Dragonfly Pattern occurs near a Support level. Here’s a market scan for that: see results.
SOL (Solana) is a good example.
Notice the two red candles (down days) followed by a Dragonfly Doji candle labeled PDP (long down wick, narrow body), followed by another green candle (up day). And it all happened near the $74 support level.
SOL: Perfect Dragonfly Pattern at Support Level
You can also find ''Perfect Dragonfly Doji'' in the Pre-Set Filters on the Screener:
(note that Gravestone Doji is the exact opposite of Dragonfly. It’s bearish signal)
Or visit Signals Summary:
A Dragonfly Doji shows that sellers pushed the price sharply lower, but buyers stepped in and pulled it back up to the open, showing strong bullish demand.
When it appears after a downtrend and is followed by a confirming green candle, it signals a potential bullish reversal - especially if it forms near a Support level.
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You can scan thousands of crypto assets to find over 30 candlestick patterns. Read tutorial.
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