Tweezer Bottom (Bullish)
There must be a proceding downtrend.
A red candle followed by the green candle.
Both candle have the same low.
How do we trade it?
Look for the Tweezer Bottom at the bottom of a down trend.
Wait for the next candle to close above the high of the two candles to confirm the existence of bullish force.
Open a long position after confirmation.
Place a stop loss below the low of the two can
Tweezer Top (Bearish):
How to recognize it:
There must be preceding Uptrend.
A green candle followed by the red candle.
Both candles have the same high.
How do we trade it:
Look for the Tweezer Top at the top of the uptrend.
Wait for the next candle to close below the low of the two candles to confirm the existence of bearish force.
Place a stop loss above the high of the two candles.