A Dragonfly Doji is a candlestick pattern that forms when the open, high, and close prices are all at or near the same level, with a long lower shadow (wick). It typically appears at the bottom of a downtrend and signals a potential bullish reversal, indicating that sellers drove prices lower but buyers pushed them back up.
Example
“A dragonfly doji formed at a key support level after a week-long selloff, signaling that buyers were absorbing all the selling pressure and a reversal was likely.”