Price Action: How to trade the tweezer top and tweezer bottom candlestic...

  
BO Turbo Trader Price Action Guide for Binary Options Trader PDF https://goo.gl/VmcKjJ 👉 SMASH THE LIKE BUTTON 👈 👉 HIT THE SUBSCRIBE BUTTON 👈 👉 LEAVE A COMMENT 👈 Facebook-Group: https://www.facebook.com/groups/31949... Twitter: https://twitter.com/boturbotrader Binary Option Win Rate and Net Profit Calculator + Simulator https://goo.gl/NeUyCp Money Management Masaniello Program + Excel File https://goo.gl/9pNRhs Start Mining Cryptocurrency http://goo.gl/1mJLbU Risk Warning: Your invested capital may be at risk. This video is not an investment advice. Indicators: EMA 3 (blue) EMA 20 (yellow) EMA 50 (orange) EMA 100 (red) EMA 200 (purple) Bollinger Band Period 20 Deviation 2 (green) Bollinger Band Period 20 Deviation 1 (white) Tweezer Tops and Bottoms. The Tweezer Top formation is viewed as a bearish reversal pattern seen at the top of uptrends and the Tweezer Bottom formation is viewed as a bullish reversal pattern seen at the bottom of downtrends. f you spot the opposite of this pattern (a downtrend followed by multiple candles that reach the same low point), you've found a Tweezer Bottom candlestick pattern, which is a bullish reversal signal. Additional criteria are that the first candle has a large real body (difference between open and close), but the second candle can be pretty much any size; therefore, the two candles may look quite different. It is the only candlestick pattern where the highs or lows are the most important factor rather than the body or the shape of the candles. If the tweezers pattern appears in an uptrend, it is called a Tweezers Top and should have the same high. Tweezer Bottoms and Tops. This type of candlestick pattern are usually be spotted after an extended uptrend or downtrend, indicating that a reversal will soon occur. The Tweezers Top (similarly as the Tweezers Bottom) is distinguished by having two or more candle lines. The only requirement is that all candles share the same high price. The market context is the most important factor when it comes to the pattern reliability. Tweezer Top and Bottom Candlestick Patterns: Normally they should be a signal of reversal of the current Trend. Both Tweezer Bottom & Tweezer Top are reversal patterns. Whether a pattern is bearish or bullish reversal, it depends upon whether it appears at the end of a downtrend (Tweezer Bottom) or an uptrend (Tweezer Top). The tweezers candlestick pattern is a formation that always involves two candles. At a tweezers top, the high price of two nearby sessions are identical, or very nearly so. Conversely, a tweezers bottom occurs when the low price of two sessions are nearly identical. Tweezers form when two consecutive candlesticks have equal, or very close to equal, highs (tweezer top), or lows (tweezer bottom); The equal highs or lows may also reflect the open or close of two consecutive candlesticks, or a combination of both. Bearish Tweezers Top. • Direction: Bearish. • Type: Reversal. • Reliability: Weak. • In an established uptrend day-one is a blue candle with a shaven bottom. • The second day is a red hammer or doji with a long lower shadow. The essential element of this pattern a series of candles that all share the same high. There are two kinds of Tweezer Patterns – Tweezer Tops and Tweezer Bottoms. These patterns help to identify, as their names imply, the potential tops or bottoms of the market. In the tweezer top candlestick pattern, you have two candles, first with a bullish (up) candle, followed by a bearish candle. The Tweezer Top Candlestick Pattern is a powerful bearish candlestick reversal pattern. Learn more inside. A tweezer (kenuki) top occurs when the highs of two or more candlesticks are equal in a series of candlesticks. The high of these days can also coincide with the open or close. These highs will later become resistance. Tweezer Tops and Bottoms. The Tweezer Top formation is viewed as a bearish reversal pattern seen at the top of uptrends and the Tweezer Bottom formation is viewed as a bullish reversal pattern seen at the bottom of downtrends.