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https://twitter.com/mohamme25312926/status/1486750236739571715
This pattern appears in a downtrend and warns that the trend will change. It consists of a black candlestick and a Doji with a downward gap at the opening. When the Doji is in the form of an Umbrella the pattern is called “Bullish Dragonfly Doji”, and in case of an Inverted Umbrella it is called “Bullish Gravestone Doji”. Here, all these patterns are subsumed, under the name: “Bullish Doji Star”, regardless of the shape of the Doji.
Hmm just looked at that chart on Twitter and the stock appears to have an extra "N" :-)
After being a student of technical analysis and charting for c15 years I can confirm that there is absolutely no sign of a Dragonfly Doji on the chart of Nanosynth.
The person who claims this needs to go back to the drawing board as they don`t have a clue what they are talking about.
The first rule of ANY Doji is that it opens and closes at exactly the same price, or, so very very close to the same price as to be hard to see on the chart until you zoom in.
This guy is an ill-informed amateur unfortunately.
Diagrams don't mean a thing when SPs like this move based on rumours and news. You can't graph that.
So bottzup we might see only 10p tomorrow ?
Its a `chart` mate, not a graph or a diagram, thats why they call it charting...done by chartists.
Chart my ar5e.
Charting doesn't predict when a juicy RNS will land.
I merely debunked the idea that NNN is showing a Dragonfly Doji today.
Not interested in getting in to the pro`s and cons of charting, you believe what you like, and I`ll believe what I know.
Our system’s recommendation today is to BUY. The BULLISH DOJI STAR pattern finally received a confirmation because the prices crossed above the confirmation level which was at 0.7550, and our valid average buying price stands now at 0.7650.
Market Outlook
The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a new profit. Do not miss this chance.
A bullish doji star is NOT a `dragonfly` doji, which is what you originally claimed.
A dragonfly doji is where one candle opens and closes at the same level, but has a very long wick below, so price dropped strongly during the day but then was equally strongly driven back up to finish at the opening price, resulting in what looks like a long legged letter T.
A bullish doji star, or morning doji star, is a three day pattern.
Copy and pasting from British Bulls is fine, if you understand what you are looking at.