Title
Tweezer Bottom and Top Strategy in Binary Options Market
Element(s)
  • Tweezer Top/Bottom pattern

Call/Higher/Touch signal

On downward trend, price proceeded from top toward bottom and formed the valley where a Bullish Hammer candlestick developed.

Another Hammer candlestick appeared just after 1st Bullish Hammer candlestick to develop a Tweezer Bottom pattern on this valley. Given Tweezer Bottom pattern indicates Call signal that will become active just after that price touches Entry Price.

If price reaches Entry Price, given signal will become active. In case that traders cannot place the Call order on given contract when price passes the Entry Price, then given Call signal becomes invalid.

On a special occasion, after price crosses the Entry Price if it bounces back toward bottom and proceeds lower than Entry Price before ordering Call contract becomes unavailable then given Call signal remains valid and reliable.

Concerning Higher contract, given signal forecasts that price may rise over a certain value (Target Price) and stays higher than Target Price before expiration time.

Regarding Touch contract, generated signal predicts that price may meet certain amount (Target Price) before expiration time.

  • Entry Price: High Price of last candlestick
  • Target Price: length of last candlestick over Entry Price

Put/Lower/Touch signal

On upward trend, price proceeded from bottom toward top and formed the peak where a Bearish Hammer candlestick developed.

Another Hammer candlestick appeared just after 1st Bearish Hammer candlestick to develop a Tweezer Top pattern on this peak. Given Tweezer Top pattern indicates Put signal that will become active just after that price touches Entry Price.

If price reaches Entry Price, given signal will become active. In case that traders cannot place the Put order on given contract when price passes the Entry Price, then given Put signal becomes invalid.

On a special occasion, after price crosses the Entry Price if it bounces back toward top and proceeds higher than Entry Price before ordering Put contract becomes unavailable then given Put signal remains valid and reliable.

Concerning Lower contract, given signal forecasts that price may fall below a certain value (Target Price) and stays lower than Target Price before expiration time.

Regarding Touch contract, generated signal predicts that price may meet certain amount (Target Price) before expiration time.

  • Entry Price: Low Price of last candlestick
  • Target Price: Length of last candlestick below Entry Price

Tweezer Bottom and Top Strategy

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