Tweezers Candle Pattern »
Posted By aparsai 6 months, 3 weeks ago in NewsTweezers formation consists of two or more candles that either their high or their low is almost at the same level. They could represent resistance or support levels in the chart or at least those instances that the market pauses for a while. If they appear at the extreme levels of trending markets they could represent reversal or correction in the trend. In my opinion while Tweezers is a useful pattern it could turn out to be misleading at times. Tweezers patterns represent continuation from time to time instead of reversal. You need to use other methods to confirm their reversal signals.
Read Full Story at forexbrace.com »
26 Views Share Story 0 Comments Report
Submitted By:
aparsai
I am a professional Forex strategist and system developer. I also develop Automated trading systems for Forex.
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.