Advanced Candlesticks Part -2

Candlestick patterns provide insight into price action at a glance. While the basic candlestick patterns may provide some insight into what the market is thinking, these simpler patterns often generate false signals because they are so common. Below, we will look at more advanced candlestick patterns that offer a higher degree of reliability.

The Tweezer Top candlestick pattern is a bearish reversal pattern that signals a potential shift from an uptrend to a downtrend, characterized by two consecutive candlesticks with nearly identical highs, suggesting buyers are losing control and sellers are gaining ground.