re: hammer close Debono / Madmacs
I believe you are both correct, though the dragonfly doji is no more significant than the common doji in its interpretation, signalling a balance of demand and supply
In this instance I think the doji represents the end of the selling over last three days rather than the end of the overall uptrend
In determining the bottom I think Madmacs is correct in that technically the upper shadow is more than three times the length of the lower shadow and is indicative of a hammer formation
Either way, the balance of probability is weighted towards the resumption of the uptrend tommorow
cheers
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