Key Takeaways
Tweezer Top
Two or more candles with matching highs at the top of an uptrend. Shows strong resistance at that level.
Market Psychology
Sellers defended the same price level twice, indicating resistance and potential reversal.
Candle Structure
Trading Setup Example
Entry, stop loss, and take profit levels.
Always wait for pattern confirmation before entering a trade.
Where This Pattern Appears
Trend context and market position.
Appears at the top of an uptrend, signals bearish reversal.
How to Identify
Two consecutive candles with matching highs
First candle typically bullish, second bearish
Appears at the top of an uptrend
Highs within a few pips of each other
Confirmation Signals
Trading Strategy
š„ Entry
Enter short on break below second candle low
š Stop Loss
Place stop above the matching highs
šÆ Take Profit
Target previous swing lows
āļø Risk/Reward
1:2
Common Mistakes to Avoid
Pro Tips
Best Timeframes
Pattern Variations
Educational Disclaimer
This content is for educational purposes only and does not constitute financial or investment advice. Trading involves significant risk and you may lose your capital. Always consult a licensed financial advisor before making investment decisions.
Frequently Asked Questions
Related Learning Resources
Related Patterns
Shooting Star
A small body at the bottom of the candle with a long upper shadow (at least 2x the body). Appears at the top of an uptrend.
Hanging Man
Same shape as hammer but appears at the top of an uptrend. Small body with long lower shadow indicates potential bearish reversal.
Bearish Engulfing
A large bearish candle completely engulfs the previous bullish candle. One of the most reliable bearish reversal patterns.