Tweezer Top candlestick pattern - पूरी जानकारी.

 Tweezer Top candlestick pattern - पूरी जानकारी.

You can get all the information you require regarding the Tweezer Top candlestick pattern here.

·      Tweezer Top Candlestick Pattern: Explained.

·      How to Recognize the Tweezer Top Candlestick Pattern.

·      The Tweezer Top Pattern's variations.

·      Trading the Tweezer Top Candlestick Pattern: A Guide.

·      Trading Techniques for the Tweezer Top Candlestick Pattern.

Ø Strategy 1: Retractions on Bare Charts Tweezer Top.

Ø Strategy 2: Using Support Levels to Trade the Tweezer Top.

Ø Strategy 3: Using Moving Averages to Trade the Tweezer Top.

Ø Strategy 4: Using RSI Divergences to Trade the Tweezer Top.

Ø Strategy 5: Using Fibonacci to Trade the Tweezer Top.

Ø Strategy 6: Using Pivot Points to Trade the Tweezer Top.

Tweezer Top Candlestick Pattern: Explained.

A Japanese candlestick pattern is the Tweezer Top.

The reversal pattern is bearish.

It usually shows rejection from higher prices and comes following a price rise to the upside.

The pattern is bearish since we anticipate a bear move once the Tweezer Top shows up at the proper spot.

It is a reversal pattern since we want to see price growth prior to the Tweezer Top, which is also a common indication that a trend is coming to an end.

The Tweezer Bottom candlestick pattern is mirrored in the Tweezer Top pattern.

How to Recognize the Tweezer Top Candlestick Pattern.

Two candles combine to make the Tweezer Top candlestick concept.

The Tweezer Top candlestick pattern can be recognized as follows:

1.    Bullish is the first candle.

2.    It is a bearish second candle.

3.    Both candles' highs ought to be about at the same level.

Look at…………………………......................................................................................... 

The Tweezer Top Pattern's variations.

On your charts, the Tweezer Top candlestick pattern can seem a little different:

·      The candles might resemble shooting star candles with large wicks at the top.

·      The candles may appear to be in a bearish engulfing pattern with no wicks at all.

Look at…………………................................................................................................….. 

Trading the Tweezer Top Candlestick Pattern: A Guide.

It's not enough to just locate a string of identically shaped candles on your charts in order to trade the Tweezer Top candlestick pattern.

Let me clarify.

A pattern is valid not only because of its shape but also because of where it appears.

This implies that a shape that appears in multiple places could have distinct meanings.

The price should first rise, indicating a bullish move, before we trade the Tweezer Top.

A potential downside reversal is indicated by the appearance of a Tweezer Top following this bullish rise.

Look at………………………………….......................................................................…….

It's easy: when the previous candle's low is breached, the Tweezer Top pattern is traded.

You should short that conservative trigger.

Look at…………………………......................................................................................…

Because trading doesn't always go as planned, you also want to protect yourself.

And we employ a stop loss for that.

Stop losses come in a variety of varieties.

The most popular method is to set it using the other side of the pattern.

Look at………………………………............................................................................…

However, hold off on trading the Tweezer Top just yet.

We need to know a few more things.

The Tweezer Top candlestick pattern should ideally be traded in conjunction with other technical analysis or indicators to improve accuracy.

The Tweezer Top pattern can be traded using strategies as follows.

Trading Techniques for the Tweezer Top Candlestick Pattern.

Strategy 1: Retractions on Bare Charts Tweezer Top.

The Tweezer Top is a bearish reversal pattern that is worth keeping an eye on while the price is declining.

Simply watch for the onset of a pullback and note when the Tweezer Top shows up.

That often signals the end of the retreat and the beginning of the next downward move.

For Example………………………....................................................................................

Strategy 2: Using Support Levels to Trade the Tweezer Top.

A good area to look for price reversals is at the levels of support and resistance.

We want to use resistance levels to trade the Tweezer Top because we are searching for moves to the downside.

How it operates:

·      On your charts, draw the levels of resistance.

·      Await the price to rise and reach the level of resistance.

·      Look for a Tweezer Top at that level.

·      When the price breaches the Tweezer Top's final candle's low, it is short.

·      Assume a downward move and set your take-profit and stop-loss levels.

For Example…………………............................................................................................…..

Strategy 3: Using Moving Averages to Trade the Tweezer Top.

When it comes to trading patterns, moving averages are excellent indicators.

When the price is declining, the strategy is to trade pullbacks to the moving average.

How it operates:

·      When the price falls below a moving average, you can identify a downtrend.

·      Await a price increase before it reaches the moving average.

·      Look for a Tweezer Top near the moving average.

·      When the price breaches the Tweezer Top's final candle's low, it is short.

·      Decide on your take-profit and stop-loss levels and anticipate further declines.

For Example……………………................................................................................................……… 

Strategy 4: Using RSI Divergences to Trade the Tweezer Top.

This differs slightly from the other trading methods.

The price must first be on an upward trend, producing higher highs and higher lows, in order to identify a bearish RSI divergence.

This is how it operates:

·      Look for an upward trend.

·      After each leg to the upside, note the highs the price reaches.

·      Compare the price highs and the RSI indicator at the same.

·      You can identify a divergence when the price makes higher highs and the RSI makes lower highs.

·      You now watch for the appearance of a Tweezer Top at a price higher high that coincides with an RSI lowers high.

·      When the price breaks the low of the Tweezer Top's final candle, it is short.

·      Assume a downward move and set your take-profit and stop-loss levels.

For Example………………………............................................................................……. 

Strategy 5: Using Fibonacci to Trade the Tweezer Top.

The Fibonacci retracement tool is another well-liked method of trading the Tweezer Top candlestick.

Fibonacci indicates retracement levels at which the price is likely to regularly revert.

Depending on the intensity of the trend, different levels are more likely to function better with the Tweezer Top pattern. More information about the various Fibonacci retracement levels may be found here.

This is how the tactic operates:

·      The price should be on a downward trend or at the beginning of a new one.

·      A move to the upside will then occur, and you wait for it.

·      Draw the levels from the move's peak to low using your Fibonacci tool.

·      You should wait till the price reaches a Fibonacci level and prints a Tweezer Top.

·      Short when the price hits the Tweezer Top's final candle's low

·      Assume a downward move and set your take-profit and stop-loss levels.

For Example……………………….....................................................................................… 

Strategy 6: Using Pivot Points to Trade the Tweezer Top.

Pivot points are automatically determined levels of resistance and support based on mathematical calculations.

The Daily Pivot Points are the most widely employed while day trading, though the Weekly and Monthly are also commonly utilized.

Here's how to use pivot points to trade the Tweezer Top pattern:

·      Turn on your charts' Pivot Points indicator.

·      Look for pivot points that is above the price; these will typically act as resistances.

·      The price should ideally be declining, but this is not necessary.

·      Await a price increase to reach a Pivot Point level.

·      The Tweezer Top pattern should show up at that level, indicating that the level is being rejected.

·      Short when the price hits the Tweezer Top's final candle's low.

·      Assume a downward move and set your take-profit and stop-loss levels.

For Example……………………….............................................................................….. 

What Is The Tweezer Top's Success Rate?

Thomas N. Bulkowski's Encyclopedia of Candlestick Charts states that the Tweezer Top candlestick pattern has a 65% success rate.