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Tweezer Tops

LITECOIN to Take $19 Billion From The TOTAL2 Altcoin MarketcapWe have a Bullish 3 Line Strike as well as a Tweezer Top Visible on the Monthly Timeframe which would Currently put LTC on a path to take atleast a 3.7% Market Cap Dominance over the Total2 Crypto Market Cap which at TOTAL2's current USD value would put LTC at a Market Cap of atleast $19 Billion which is a little over 11 times more than it's current Market Cap; Assuming that the Circulating Supply of LTC remains near where it is, that would imply that the LTC/USD price will go up to around $584.85 per coin of this TOTAL2/LTC chart were to play out.
CRYPTOCAP:TOTAL2Short
by RizeSenpai
RISKY 10% DOUBLE TOPS TRADE ON THE EURO AUDThis analysis shows the main factors behind the Short Position opened on the EURO AUD. These include 1. The Formation of Double Tops on the Daily Chart. 2. The Formation of a Pennant Setup on the Daily Chart. 3. The expected move towards major Support within 3 Days. 4. The expected move towards the Pennant Support in 7 to 14 Days. The market provided a strong Tweezer Top to indicate the start of U-Turn on the Daily Chart, which would lead to completion of the Double Tops Signal. Once completed, it will take us lower towards a short-term Support that can be used for our first target. Thereafter, we can wait until the market provides us with another setup to trade towards the Support Boundary of the large Pennant Consolidation. Duane Swing Trading Master
Short
by shepherdduane
1
AUDCAD rejected at resistance and headed lower. Since it's multiyear high in Feb, AUDCAD created lower lows and lower highs in April and has continued bearish ever since with a string of consecutive lower highs and lower lows. We have 2 clearly defined and repeatedly respected trendlines headed lower, created a broadening descending channel. Price has has multiple attempts to break through this resistance since December 23rd and has failed, most recently with a tweezer top. Overall this looks like a great opportunity for a high R short with a stoploss above the trendline/tweezer high. This is not financial advice, you are responsible for your own trading decisions. *** LEAVE A LIKE AND FOLLOW IF YOU ENJOYED THE IDEA *** I will respond to any and all comments below
Short
by HayeTrading
Tweezer Tops and why they're reversal indicatorsHey there. Highlighting one of my favorite candlestick patters, Tweezers. Identifying: Green bar. Red bar. Approximately same size bodies. Wicks are the same height. Ezpz. The story: During an uptrend, everyone is confident prices will continue to rise, so they continue paying more. "Bulls are in control" but really, it's just the average sentiment; prices are going up so everyone wants a piece before it stops. At some point, early entrants take their profits, prices stop rising, and drop a little bit. Some people get nervous and overall confidence drops a little. It retests the price level again, but more people sell so it fails again, and this repeat price-level failure lowers confidence even more. If the price falls back to where this whole thing started, "bears are now in control" but really people have just lost their confidence that price will rise; everyone thinks that the double-tested price level is the max, whereas before they though it would go to the moon. Positive momentum has shifted to negative momentum. Different time frames The fun thing is that this story is the same as that of a double-top reversal pattern, because that's what tweezers are: zoomed-out double tops. Depending on the first bar's open and the second bar's close, it could also be an ascending triangle. So, you don't know if it's going up or down, but you know buyers are more nervous than before the pattern started. If you were to zoom out from the double top, and then zoom out again from the tweezer top, the whole thing would look like a gravestone doji. It would have the same open and close with a long upper wick (not the best example picture since this also has a long bottom tail, but hopefully you get the idea). But not every gravestone doji is a double tests, so tweezers tell the story of the markets a little bit better. At the end of the day though, they all say that prices ran up hard, got rejected, and fell back down hard. Not enough for a buy or sell signal, but if you identify a tweezer top, you now know important price levels and can make slightly better decisions about what will happen in the future if it rises above or falls under them. Good luck!
NYSE:DQEducation
by OverexposedPhotoOfADress
2
Nasdaq - correction coming??A jittery day plus a possible "tweezer top" candlesticks forming today near the channel top. The day isn't over yet and unless we have a good rebound within the next 2 hours, then it looks like we could be heading into some correction over the next few days. Go flat, reduce,hedge your longs... or even go temporarily short? Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
CME_MINI:NQ1!Short
by Juliac
Tweezer tops - EURUSD Traders often talk about several candlesticks and candle patterns but "Tweezer Tops" is rarely mentioned. You can look it up or just look at the weekly chart on EU instead. It is a pattern that could mean trend reversal or at least a short term change in direction. A few qualifiers are: - A clear preceding up trend must be present. - The colour of candles does not matter. -The top does need to be wicks (it can be full bodies too): the important aspect is almost matching highs. - More effective if it occurs at a resistance area. - If the first candle has a large body and the second one has a short body, the reversal is more reliable. The market is simply indicating that it does not accept a higher price and is pushing it down. The fact that this is all happening at the top of a bull trend just means: No More 😊. IMO, if this pattern appears in a weekly chart it is more reliable, there is a lot of data assimilated in 2 candles. For target, I am looking at 1.1540 and then 1.1400 region. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. As always, please use sound money and risk management in all your trades. P.S. – Tweezer Bottoms are a valid signal of trend reversal too.
Short
by Trading_Vista
4