Home
LoginReal account
Ready to trade?
Register now

Tweezers Strategy

Another strong reversal signal is a tweezers pattern. Tweezers are two candlesticks in reverse direction and having the same maximums or minimums: at descending tendency tweezers candlesticks have the same minimums and at ascending tendency they have the same maximums. Minimums and maximums of the tweezers can be the closing prices or candlestick shades. The candlesticks of formation can appear one by one or have the other candlesticks between them. This is a strong signal that can strengthen or be strengthened by the other candlestick formations.

A procedure after a signal appearance:

1) If you see the candlesticks with the same minimums or maximums on the chart be prepared for a reversal price movement;

2) After closing the candlestick having formed tweezers trade in the changed direction.

Buying a call after tweezers formation

Tweezers with bullish engulfing

As the tweezers formation gives a strong signal it is not necessary to wait for a confirmation especially if it forms at the levels of support or resistance. But if you are not sure as for a current market situation you can wait for a new candlestick and see its direction. A signal confirmation mostly helps you to save your profit.

Ready to trade?
Register now
ExpertOption

Company does not provide services to citizens and residents of Australia, Belarus, Canada, EU Member States, Iceland, Iran, Israel, Japan, Liechtenstein, New Zealand, North Korea, Norway, Puerto Rico, Russia, Singapore, Sudan, Switzerland, UK, Ukraine, USA, and Yemen.

Partners
Affiliate program
Partners

Payment methods

Payment and Withdrawal methods
Trading and investing involves significant level of risk and is not suitable and/or appropriate for all clients. Please make sure you carefully consider your investment objectives, level of experience and risk appetite before buying or selling. Buying or selling entails financial risks and could result in a partial or complete loss of your funds, therefore, you should not invest funds you cannot afford to lose. You should be aware of and fully understand all the risks associated with trading and investing, and seek advice from an independent financial advisor if you have any doubts. You are granted limited non-exclusive rights to use the IP contained in this site for personal, non-commercial, non-transferable use only in relation to the services offered on the site.
Since EOLabs LLC is not under the supervision of the JFSA, it is not involved with any acts considered to be offering financial products and solicitation for financial services to Japan and this website is not aimed at residents in Japan.
© 2014–2023 ExpertOption
ExpertOption. All rights reserved.