-8.2 C
New York
Sunday, December 22, 2024
HomeNews
News

Improve Your Market Timing: The Tweezers Top Candlestick Pattern

By markettamer
0
139

 Courtesy of MarketTamer

  • The Tweezers Top consists of at least two candles with close to identical highs and derives its’ name from the resemblance to a pair of tweezers.
  • I like to see wicks on both candles to the topside rejecting higher price levels.
  • The classic Tweezers Top should have a longer bullish candle for the first candle followed by a smaller real body; although that configuration is not a hard fast rule.
  • The Tweezers Top is more credible in longer timeframes such as weekly and monthly charts.
  • The Tweezers Top should be followed by a bearish confirmation candle on increasing volume.

The Breakout is a Fake Out

Dow

S&P 500

Nasdaq

 

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

156,328FansLike
396,312FollowersFollow
2,330SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2024
0
Would love your thoughts, please comment.x
()
x