Tweezer bottoms are regarded short-term bullish reversal patterns, whereas tweezer tops are considered short-term negative reversal patterns. Essentially, neither buyers nor sellers were able to push the top or bottom any higher with either formation.
A bearish reversal is indicated by a Tweezer top, whereas a bullish reversal is indicated by a Tweezer bottom. After an uptrend, a tweezer top candlestick pattern develops when the highs of two candlesticks are nearly or identical.
During a downturn, a Tweezer Bottom happens when sellers force prices lower, generally ending the session near the lows, but are unable to push the bottom any lower. Tweezer Bottoms are short-term bullish reversal patterns that indicate the market's bottom.
A black or full candlestick indicates that the period's closing price was lower than the opening price, indicating bearish selling pressure. A white or hollow candlestick, on the other hand, indicates that the closing price was higher than the opening price. This is positive and indicates that buyers are in control.
There are two types of candlestick patterns: continuation patterns and breakout patterns. Patterns of Bullish Reversal Patterns of Bearish Reversal
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