Tweezer bottom forex converter

Pattern: Consists of two candlesticks: A very large white body followed tweezer bottom forex converter a small black body that is contained within tweezer bottom forex converter previous bar. Interpretation: A bearish pattern when preceded by an up trend. Pattern: Consists of two candlesticks: A Doji contained within a large white body.

Pattern: Consists of two candlesticks: A very large black body is followed by a small white body and is contained within the black body. Interpretation: A bullish pattern when preceded by a downtrend. Pattern: Consists of two candlesticks: A Doji contained within a large black body. Pattern: Consists of two candlesticks: A long white body followed by a black body. Interpretation: A bearish reversal signal during an up trend. Pattern: The open and close price are the same. This candlestick assumes more importance the longer the upper and lower wicks.

Pattern: Consists of two candlesticks: A Doji which gaps above or below a white or black candlestick. Pattern: Consists of two candlesticks: A small white body followed by and contained within a large black body. Interpretation: A bearish reversal signal after an up trend. Pattern: Consists of two candlesticks: A small black body followed by and contained within a large white body. Pattern: Consists of 3 candlesticks: A large white body followed by a Doji that gaps above the white body. Interpretation: A top reversal signal, more bearish than the regular evening star pattern. Pattern: Consists of 3 candlesticks: A large white body followed by a small body that gaps above the white body.

The longer the upper wick, the more bearish the signal. The Tweezer Top formation is viewed as a bearish reversal pattern seen at the top of uptrends and the Tweezer Bottom formation is viewed as a bullish reversal pattern seen at the bottom of downtrends. Sometimes Tweezer Tops or Bottoms have three candlesticks. The market opens and goes straight down, often eliminating the entire gains of Day 1.

Nevertheless, Day 2 is completely opposite because prices open and go nowhere but upwards. This bullish advance on Day 2 sometimes eliminates all losses from the previous day. Day 2 opened where prices closed on Day 1 and went straight up, reversing the losses of Day 2. A potential buy signal might be given on the day after the Tweezer Bottom, if there were other confirming signals. 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 reality the lows could be slightly different. The candle types could vary from long real body candles to spinning tops to doji. If the first candle is a long black candle followed by a doji then the reversal sign could be more reliable. In reality the highs could be slightly different.