Tweezer top

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    Tweezer topThe tweezer top is a reversal candlestick pattern that can usually be found at the end of an extended uptrend.

    It happens when two or more candlesticks touch the top to create what looks like a tweezer on charts of various types.

    Tweezer tops indicate the end of a short-term uptrend and are bearish, 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 bullish 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.
    Tweezer top chart pattern