Tweezers Periodica
One month update
Just a one month update and comparison. All the same methodology.
Files:
tweezer2nd.jpg
47 kb
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Can you see the periodical changing of pattern?
Red marks stand for tweezer pattern bars had a 20 pips up trend in their following bars. Blue marks stand for tweezer pattern bars had a 20 pips down trend in their following bars. Green marks stand for tweezer pattern bars had no trend observed yet. Interestingly, the three green marks turned red in yesterday's trading.
Pair: EUR/USD
TF: 0.5 hrs
Sampled Bars showed only as colored marks in chart below: From recent 1000 bars only pick up the bars had tweezer pattern, regardless tweezer top or bottom.
X axis: The numbering of bars; 0 is for the current bar.
Y axis: The BarTall of tweezer pattern bar.