A Quick Overview of Tweezer top Pattern
The present bullish trend develops a solid green candle at a swing high in the tweezer top pattern, which provides a powerful market picture. The price, on the other hand, decreases rather than rises the next day, closing the day with a bearish candle, signaling that bears have deemed the price to be undervalued and are looking to begin a sell position. According to Bulkowski, this reversal predicts lower prices with an 56% accuracy rate.
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