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Doc_Mitch

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Doc_Mitch

Re: Vesig post# 27942

Wednesday, 03/22/2017 7:43:14 AM

Wednesday, March 22, 2017 7:43:14 AM

Post# of 35791
a bullish Tweezer Bottom occurs during a downtrend when bears continue to take prices lower, usually closing the day near the lows (typically a strong bearish sign). Nevertheless, Day 2 is completely opposite because prices open and go nowhere but upwards. This bullish advance on Day 2 sometimes eliminates all losses from the previous day.

Taken from - http://www.onlinetradingconcepts.com/TechnicalAnalysis/Candlesticks/TweezerTopBottom.html

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