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Engulfing Candles
There are two types of Engulfing candles: Bullish Engulfing and Bearish
Engulfing.
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This second candle “engulfs” the bearish candle. This means buyers are
flexing their muscles and that there could be a strong up move after a
recent downtrend or a period of consolidation.
On the other hand, the Bearish Engulfing pattern is the opposite of the
bullish pattern.
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This means that sellers overpowered the buyers and that a strong move
down could happen.
There are two types of Tweezer patterns: the Tweezer Bottom and the
Tweezer Top.
Notice how the candlestick formation looks just like a pair of tweezers!
Amazing!
The most effective Tweezers have the following characteristics:
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The first candlestick is the same as the overall trend. If the price is moving
up, then the first candle should be bullish.
The second candlestick is opposite the overall trend. If the price is moving
up, then the second candle should be bearish.
Tweezer Tops should have the same highs, while Tweezer Bottoms should
have the same lows.
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