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Tweezer

HEX DistributionThis idea will be labeled as bearish but it should it be noted upfront that I am bullish.. just not at this immediate moment. But I am closely watchful due to the fact that HEX has bullishly engulfed and formed what might be a tweezer bottom candlestick formation on the 4 hour time frame, which are technically seen as reversal patterns. HEX seems to print these formations a lot as it did similarly just over a week ago before running up 60% to all time highs. And now we find the asset in the process of doing it again should this bullish engulfing 4 hour candle close confirm. It is this reason that although the price action is getting rejected currently by my .236 fib level, as well as below a bearish downward sloping trendline that has been serving as resistance since the top, I am watching closely. Also, the first important critical area of resistance sits just inches over the current price's head and could therefor be smashed through any moment. Likewise, a rejection can occur and send the price bearishly wicking right back to the downside. Unfortunately, these things are also why I must mark this idea as bearish and warn against any immediate longs until at MINIMUM the price breaks back above the red .236 fibonacci level I have labeled and ultimately break the bearish, red downward sloping distribution line that has kept the price under water since its peak a few weeks ago.
Short
by TradeVibez
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
SPX: Yes, we have opportunities around!Hello traders and investors! Let’s see how the SPX is doing today! To the untrained eye, the 1h chart seems erratic and unreadable, but if we look carefully, we’ll see that the movements were all extremely technical. First, the index dropped to fill the gap (yellow square at 4,198.77), and it found support over there. Now it did an impressive Tweezers Bottom pattern , indicating a possible bottom formation. The 21 ema is the next resistance it must defeat, and we’ll see if it’ll do it or not in the next few days. In the daily chart, we have what seems to be a top, but it is not confirmed yet. So far, all we can assume is that the index just did a pullback to the 21 ema, filled a gap in the 1h chart, and now it is just about to resume the bull trend. The scenario is complex, but I still see a few opportunities around. I already told you guys about some stocks we’ve been trading in the past few months, and I can assure you, every single one of the Brazilian stocks traded in the US that we bought recently is making a huge gain! I recommended 9 Brazilian stocks to my followers, and 5 of them are giving more than 40% returns so far, and I’ll reveal which ones: PBR, CIG, ABEV, BRFS and ITUB. The worst gave us about 13% gains. The green circles are the moment when I gave the buy recommendations. When the market looks complex and undefined, we can always find opportunities elsewhere. Now, the BR ADRS look expensive, so the search continues! Yes, we do have some incredible opportunities in the US market, but you must know where to look. Be careful, and let’s continue the search for more opportunities! Remember to follow me to keep in touch with my free analyses! Thank you very much!
SP:SPX
by Nathan_The_Finance_Hydra
2
My Doomed Long BTC in the wickKeeping stop above entry, would really like this to be the bottom of the late unpleasantness, but selling continues to be relentless. No doubt sellers are trying to drive price down to 50K or lower. 50k is psychological support for "normies" so I think it is worth trying a long from here with a tight stop. Don't lose money on things like "the big magic number has to be defended at all costs." That sort of thinking is what gets people (bulls most often) rekt.
BYBIT:BTCUSD.PLong
by JJMa
EURJPY - BULLISH CONTINUATION The EJ has been one of the main pairs on my radar for this entire week. Originally I was looking for a bullish breakout on the higher timeframes, but instead we ended up getting a false break & a retest of the lows of the channel. After putting in a nice tweezer bottom at the lows we've now put in a head and shoulders type of move & if price can violate the current level of resistance it would surprise me to see a move up towards 1) Our most recent inside level of structure 2) Our most recent Outside level of structure 3) A continuation to 132's which is a higher timeframe level of structure Akil
Long
by Akil_Stokes
SNDL: Target hit! What's next?Hello traders and investors! Ok, SNDL did exactly what was supposed to do since my last analysis, which is great. Let’s see the scenarios we can work with from now. First, in the 1h chart, SNDL lost the support level at $ 1.32, which was an important key point for the short-term, and it sought its lower support, at $ 0.95, as we discussed in our previous analysis. If you missed my last analysis, which was public, the link to it is below, as usual. But SNDL didn’t only hit the $ 0.95, but it did an amazing bullish candlestick pattern in this support area, called Tweezers Bottom . This was a clear buy sign, and what’s more, it is now doing higher highs/ higher lows in the 1h chart, and it did a bullish pivot when it defeated the $ 1.22. The price is above the 21 ema (which is pointing up), and everything tells me we are in a short-term bull trend . Pullbacks to the 21 ema are expected, and shouldn't be enough to make you panic. Let’s see the daily chart for more clues: The Tweezers Bottom in the 1h chart made this Hammer candlestick pattern in the daily chart, just above the $ 0.95, reinforcing our idea that this was a very important Key Point. Also, it was not by chance that I saw the $ 0.95 as a support level. As we discussed in my last analysis, this point was previously a resistance on Dec 2020, and according to the Principle of Polarity, it was supposed to work as a support next. The market has memory, and it always remembers its key points. Now, the next target is the $ 1.64, but as long as we don’t see a very powerful candlestick pattern, with a good volume , the movements on SNDL are going to be slow and boring. And if you liked this analysis, remember to follow me to keep in touch with my daily studies, and support this idea with your like if it helped! The link to my previous analysis is below. Thank you very much!
NASDAQ:SNDL
by Nathan_The_Finance_Hydra
8
Black Berry- Hindsight Is 20/20 But Lets Hope History RepeatsA person told me that BlackBerry was about to PUMP. I said, "I'm pretty sure it already had a short squeeze". I was then informed that BB is no longer making cellphones but they have become and encryption and technology company. Apparently, they have been working with the Government for sometime. Ironically, this contract and affiliation to the alphabet agencies still pretty under wraps and most people don't know this. Looking at the chart in hindsight I plotted out were we already had an accumulation phase, I have noted the volume pump that indicated a buy signal. Also, noted is the tweezer formation that told us to sell. I have done this for education purposes. What's actually interesting is that there may still be another trade, BB might still be very primed to pump, and to do so off both technicals and fundamentals. We have a clear Wyckoff range and I am willing to bet that this could be re-accumulation before the next big pump. Regardless, of my personal decision to invest, this is not financial advice. Please do your own due diligence and research.
NYSE:BB
by ChartProphet
4