Patterns › Dragonfly doji vs Gravestone doji
Look-alikes
Dragonfly doji vs Gravestone doji
They look alike, so beginners mix them up. Here is what each one means, and how often each one worked on real charts.
Dragonfly doji
Sellers pushed price far down, buyers pushed it all the way back.
A dragonfly doji has almost no body, sitting at the very top, and one long lower wick. It means price opened, fell a long way, and then climbed back to close near the open. After a fall, it shows buyers pushed back against the lower prices. It is a special kind of doji, so it still needs the next candles to confirm.
Calling it a dragonfly when there is a clear upper wick or a real body.
Gravestone doji
Buyers pushed price far up, sellers pushed it all the way back.
A gravestone doji has almost no body, sitting at the very bottom, and one long upper wick. It means price opened, climbed a long way, then fell back to close near the open. After a rise, it shows sellers pushed back against the higher prices. Traders treat it as a warning and look for a lower close next to confirm.
Calling it a gravestone when there is a clear lower wick or a real body.
Real odds side by side
| Pattern | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Dragonfly doji | 1,304 | 30% | 60% | 10% |
| Gravestone doji | 1,040 | 36% | 57% | 7% |
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.