I want to share some thoughts after yesterday success trade about squeeze.
Squeeze - is event then market have a huge count of shorts / longs near support / resistance levels. And big players buying all of them to the free road in the opposite to crowd direction. This type of price action creates then price moves in reduced range.
And we can see: * Bulls type of action (support signals) or bear type of action for short squueeze (sell-off signals) * Decreasing corner of downtrend (for longs) and uptrend (for shorts) * Squeezed price range * Important support / resistance levels
This pattern apply mainly at the top and bottoms of market. Usually on bigger time frame you can see many candle tails.
After bottom line you can read analysis for trade with this pattern.