Hello, semi dumb question incoming so I’ll be really appreciative to anyone who would take a minute to help me clarify this.
At the end of the lesson
Double Trouble – Dual Candlestick Patterns (Elementary school, Grade 2)
(can’t post links because i have less than 5 forum posts :p:56:)
it’s mentioned that
The first candle is the same as the overall trend. If price is moving up, then the first candle should be bullish.
The second candle is opposite the overall trend. If price is moving up, then the second candle should be bearish.
Is this only for the tweezer tops?
(Looking at the tweezer bottoms picture the first candle is bearish while the second is bullish)
Tweezer tops:
The first candle is the same as the overall trend. If price is moving up, then the first candle should be bullish.
The second candle is opposite the overall trend. If price is moving up, then the second candle should be bearish.
The opposite is true for tweezer bottoms.
Tweezer bottoms:
If price is moving down, then the first candle should be bearish. The second candle is opposite the overall trend. If price is moving down, then the second candle should be bullish.
