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What is a Dragonfly Doji in the context of financial markets?

a) A type of cryptocurrency
b) A bullish reversal candlestick pattern
c) A stock market index
d) A precious metal

User Newy
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1 Answer

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Final answer:

A Dragonfly Doji is a bullish reversal candlestick pattern in financial markets that indicates indecision in the market and suggests a potential trend reversal.

Step-by-step explanation:

A Dragonfly Doji is a bullish reversal candlestick pattern in the context of financial markets. It indicates indecision in the market and suggests a potential trend reversal from a bearish to a bullish direction. The pattern gets its name from its long lower shadow, resembling the tail of a dragonfly.

User Sasha Koss
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