DislikedI assume that this works with bearish piercing pattern after tweezers formed also, huh?Ignored
Yep, the piercing patterns will work at the top of a peak or the bottom of a trough, mate. Except the one at the top of the peak (bearish piercing pattern) is usually known as "dark cloud cover".....according to the Japanese, signifying trouble ahead. The tweezers work top and bottom as well, mate, so look out for them, as they're pretty reliable. For example, see the pattern I pointed out earlier, and then follow what happened after that. Something in the region of around 150 pips, I think. Of course, we wouldn't have traded that one, seeing as it was a "long" trade BELOW the Pivot Point, and that wouldn't do, would it?
Have a good weekend, mate.