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Username: LuckyWoman

Rating:
Guru Stars

Asked to: Chaoxiang Lee

Date Created: 03 Nov 2016
Category 27
Tag Financial
Question Please give the definition of 'Tweezer'.
Advice from Guru
Hello LuckyWoman,

A pattern found in technical analysis of options trading. Tweezer patterns occur when two or more candlesticks touch the same bottom for a tweezer bottom pattern or top for a tweezer top pattern. This type of pattern can be made with candlestick charts of various types.

Tweezer bottoms are considered to be short-term bullish reversal patterns. Tops are bearish, and either end means that buyers or sellers were not able to push the top or bottom any further. Both types of patterns require close observation and research in order to be interpreted and used correctly.

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