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Markets › Pepe › Dragonfly doji

Crypto · candlestick pattern

Dragonfly doji on Pepe

On Pepe the dragonfly doji showed up 39 times. The target came first 15% of the time, the stop 72%, and 13% went nowhere within 12 candles.

Counted on Pepe (PEPE/USDT): daily candles from May 2023, 4-hour candles from May 2023 and hourly candles from May 2023.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
4-hour30%100%0%
Hourly3617%69%14%

Pepe against the rest

ChartsFoundTarget firstStop firstWent nowhere
Pepe3915%72%13%
All Crypto charts1,03628%61%11%
Every market1,30430%60%10%

Year by year

YearFoundTarget firstStop first
2023215%81%
20241127%55%
202530%100%
2026450%50%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the dragonfly doji is

Sellers pushed price far down, buyers pushed it all the way back.

Throw a yo-yo down and it zooms all the way back up to your hand. A dragonfly doji is like that: price dropped far during the candle, then buyers pulled it all the way back up to where it opened. It looks like a letter T, or a dragonfly with its wings at the top.

The full dragonfly doji lesson, video and quiz ›

Other patterns on Pepe

Inside bar · Doji · Stochastic bullish cross · Stochastic bearish cross · Volume profile rejection · Spinning top · Volume profile bounce · MACD bullish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · all of them

The dragonfly doji elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot

Questions

How often does the dragonfly doji work on Pepe?

In 39 cases on Pepe, the target (1.5 × ATR) came before the stop (1 × ATR) 15% of the time and the stop came first 72%; 13% went nowhere within 12 candles.

What is the dragonfly doji?

Sellers pushed price far down, buyers pushed it all the way back.