Tweezer Top
a.k.a. Tweezer tops
Two candles with matching highs after a rally, hinting that the market hit a ceiling.
In plain English
Two candles with matching highs after a rally, hinting that the market hit a ceiling.
A tweezer top is two neighbouring candles, usually a green one then a red one, with almost identical highs. Buyers tried twice to break higher and failed at exactly the same price.
It suggests a possible bearish reversal, more convincingly at resistance. Its bullish twin is the tweezer bottom.
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