Iβve written a detailed thread on tweezers with practical example. π
Retweet & Like to help Beginners and Others !!
Tweezer top & bottom can also be known as tweezers and these are reversal patterns that signal a potential change in the price direction of the trend.
tweezers are very popular with traders as they are searching for the clues for when the market will change its direction.
Tweezer Bottom
β’ Its a 2 candlestick reversal pattern.
β’ Tweezer Bottoms are bullish reversal patterns which appears at the bottom of downtrend.
β’ The low of candle suggest strong support and shows the reversal is on the card.
β’ Tweezer Bottom formation consists of two candlesticks
Bearish Candle (Day 1)
Bullish Candle (Day 2)
Tweezer Top
β’ Itβs also a 2 candlestick reversal pattern.
β’ Tweezer Tops are bearish reversal patterns which appears at the top of the uptrend.
β’ The high of candles suggest strong support and shows the reversal is on the card.
β’ Tweezer Top formation consists of two candlesticks
Bullish Candle (Day 1)
Bearish Candle (Day 2)
Trading tweezers are not that much of different from trading other bullish reversal candlestick pattern. You should wait for the confirmation signal before taking the trade.
In this thread I have mentioned the 6 step process through which a newbie or a layman can learn Technical Analysis from the scratch level.
Retweet to help others and if you have doubts than you can DM me..
(Part-1)
1- Start learning with Zerodha Varsity 2- Practice candlestick + chart patterns for 1 months with no indicators. 3- Watch F2F video of @vivbajaj sir on @elearnmarkets (start with @Rishikesh_ADX wherein he teaches Dow theory In a very simple way)....
(Part-2)
5- Read Candlestick trading bible book (google out the PDF) 6- Now blend Dow theory with candlestick + chart patterns and see how it works.
Keep practicing and continue to train your eyes to see pattern and charts.