tweezer bottoms for sqwormy seated traders

Its called painting the charts
did you spot the little bull/artist this arvo.


A good lesson as to why you wash your hands when trading. or use three ply (sorry its about the new paper thread)







bullish tweezer bottom
► Consists of 2 candlesticks
► Two candles consisting of a very small bodies having little or no shadows at their highs. Their lower shadows should be at least twice the length of their bodies. Both candles should be near equal in size.
► The bodies are to be at the top of the candles.
► A strong signal. Little confirmation is needed although strength should be seen soon after the pattern has been formed, likely with a higher opening on the candle following the 2nd candle.

A downtrend has been in place when strong selling ensues from the open of the first candle. Buyers enter the market and reverse the decline, rallying price above the open before the close of the candle. This candle shows that buyers exist at the low and are willing to step in and support price at that level. The following candle, price behaves in a similar manner with buyers confirming the support level. A strong pattern displaying that the bulls are willing to stand their ground at a particular price point.