twizzers top

How to identify Tweezers top pattern

The tweezers top formation is considered as a bearish reversal pattern seen at the top of an uptrend, and the tweezers bottom formation is interpreted as a bullish reversal pattern seen at the bottom of a downtrend. See the example below: The tweezers top formation consists of two candlesticks: The first one…
morning star pattern

Morning star pattern and Evening star chart pattern

The morning star pattern The morning star pattern is considered as a bullish reversal pattern, it often occurs at the bottom of a downtrend and it consists of three candlesticks: -The first candlestick is bearish which indicates that sellers are still in charge of the market. -The second candle is a small…

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