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0 Views • May 12, 2023 • Click to toggle off description
The First one being bullish, and the second one a bearish candlestick.
Both the tweezer candlestick, make almost the same high.
at first a bullish candlestick is formed,
Which looks like the continuation of the ongoing uptrend.
The next candle is a bearish candle, the high of which indicates a resistance level , the pattern indicates that the bulls seem to raise the price upward, but they are not willing to buy at higher prices.
The 2 candles with almost the same high indicate the strength of the resistance and also signal that the trend may get reversed, to form a downtrend.
traders can look to sell below the low of the pattern, and place a stop loss above the resistance level formed.
Risk to reward can be at least 1:2
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License: Standard YouTube License
Uploaded At May 12, 2023 ^^
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RYD date created : 2025-01-21T02:40:36.5843718Z
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