Watch the Tweezers!

As I produce today’s video, so far the price is/was showing a “Tweezer Bottom.” This is caused when the candlesticks create what looks to be a set of tweezers, and is shows that the early selling pressure was pushed back on two consecutive days. We’ll see how today ends up, but so far this pattern could mark a short-term swing bottom in anticipation of the FOMC Chairman’s comments tomorrow.

 

About the Author Brian Keith

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