The The tweezer top is a reversal candlestick pattern that can u... More is a What is a trend reversal? A trend reversal is when the mark... More candlestick pattern that can usually be found at the end of an extended What are uptrends in trading? When the price of an asset o... More.
It happens when two or moretouch the top to create what looks like a tweezer on charts of various types.
Tweezer tops indicate the end of a short-termand are , meaning buyers or sellers were not able to push the top any further.
To be valid, a tweezer top (1) must have the following characteristics:
- The first candle must be as part of the recent uptrend.
- The second candle must be bearish.
- The wicks of the candles should be of equal length, meaning that the tweezer tops have approximately the same highs.