Tweezers | Reversal Candlestick Pattern

Understanding the Tweezer candlestick pattern →

Hey there!

Bringing to you a candlestick pattern suggesting a short-term trend reversal:

➡️ Tweezers are short-term trend-reversal candlestick patterns characterized by 2 or more candles having matching highs or lows. It gives a better confirmation when preceded by a long-body candle.

➡️ A Tweezer Top is formed when the stock is in an uptrend, and two candles form a matching high, with the preceding candle being a long bullish candle. This indicates either the trend will consolidate or move downwards. Tweezer tops are considered to be short-term bearish reversal patterns.

➡️ A Tweezer Bottom is formed when the stock is in a downtrend, and two candles form a matching low, with the preceding candle being a long bearish candle. This indicates either the trend will consolidate or move upwards. Tweezer bottoms are considered to be short-term bullish reversal patterns.

➡️ Note that you should always combine candlestick patterns with other indicators & signals before entering any stock.

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