Sunday, 25 November 2018

Rule Book - Tweezer Top



1) Two candle reversal pattern
2) Appears in Uptrend 
3) Two or more adjacent candles of opposite colour
4) Same high point forming the area of resistance being formed.

Psychology:
1) Though the bulls are trying to push the price higher, but are unwilling to buy above the high point. 
2) Bears action is visible, they take charge at high point and force the price down 

The Tweezer Top can be extremely helpful to traders, because it visually indicates that power is being handed from the bulls to the bears. 




Twizzer Bottom




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