An Insightful Thread 🧡 πŸ‘‡

What are Tweezer Top & Bottom candlesticks ??

How to use Tweezers in Trading??

I’ve written a detailed thread on tweezers with practical example. πŸ‘‡

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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€’ It’s 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.

Happy Reading !!

@caniravkaria @sanstocktrader
@ArjunB9591 @rohanshah619
@PAlearner @PatilBankNifty

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More from @chartmojo

14 Jan
A thread 🧡 πŸ‘‡

What is golden Crossover ?

A detailed thread on golden crossover with practical example!

Retweet & Like to help beginners and others !
Golden Crossover

β€’ A technical chart pattern indicating potential for a majorly rally

β€’ It occurs when short term moving average crosses above long term moving average

β€’ It is a bullish breakout pattern which suggests an optimism.

Here is the graphical example! πŸ‘‡ Image
β€’ Once the breakout is done, moving averages acts as support

β€’ We commonly use 50 DMA & 200 DMA for Golden Crossover trading strategy

β€’ It works best with larger time frame/High accuracy in higher time frame
( 1D, 1W, 1M )

Here is the practical example! πŸ‘‡ Image
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A Thread 🧡

Detailed study on What is divergence and it’s types.

βœ… Regular Bullish & Bearish Divergence
βœ… Hidden Bullish & Bearish Divergence

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1- What is Divergence ?

A scenario where price is moving opposite to technical indicator like RSI, MACD.

Divergence tells us whether the trend is weakening or not.

It is the hidden hand of weakness and strength and signal whether to hold a trade or book profits.
2- Types of Divergence

β€’ Regular Divergence
β€’ Hidden Divergence
Read 6 tweets
29 Dec 20
An Important Thread 🧡

What is pullback and it’s types ?

βœ… Shallow Pullback
βœ… Sharp Pullback

A detailed thread the pullback theory.

Retweet and Like to help others and Beginners!
Pullbacks are short term price drops during an uptrend.

There is a small hiccup in the market and that don’t change the underlying trend.

Pullback have dry up volume which can be noticed on the security.

Usually β€œBuy Low” traders exit after breakout with small profit. Image
The image below shows a practical example of pullback after the breakout. Image
Read 6 tweets
19 Dec 20
IMPORTANT THREAD πŸ§΅πŸ‘‡

How to Learn Technical Analysis ? (Beginners)

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.
Read 4 tweets

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