Dragonfly Doji with downtrend_1

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Scan Description: A doji with a long lower shadow and no upper shadow is called a Dragonfly Doji. It has greater significance in a downtrend as it has bullish implications and indicates that the sellers were able to drive the price lower during the session, but were unable to hold the price down. Therefore, it is usually an early indication that a downtrend is running out of steam and may soon come to an end.

Dragonfly Doji with downtrend_1

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