Tweezers Candlestick Pattern

Tweezers are some awesome tools for trading with price action, excellent reversal patterns which have very good risk to reward ratio.

Tweezers candlestick pattern are of two types -

1. Tweezer Top
2. Tweezer Bottom

Tweezer top signals bearish reversal- which means there is a higher chance of prices reversing if pattern appears in an uptrend

Tweezer bottom signals bullish reversal- during a downtrend if tweezer bottom appears it can trigger a bullish reversal which means prices will move higher.

Tips For Tweezers candlestick Pattern Trading

1. Tweezer top and bottom perform very well in bear market
2. Tweezer candlestick patterns should be traded using volume indicators for better chance of profitable trade
3. Give more importance to gaps after pattern formation, for better relaible signal and price forecasting
4. If market is moving sideways after tweezer candlestick formation, give some time before entering a trade wait for breakout and place entry in direction of breakout
5. Although tweezers are trend reversal patterns but they can also trigger trend continuation if original idea of trend reversal fails.