Tweezer Top / ツイーザートップ
Reference values based on Bulkowski's "Encyclopedia of Chart Patterns". Data is primarily from U.S. markets and may differ for other markets.
A two-candlestick pattern appearing at the top of an uptrend where two consecutive candles have approximately the same high. The most reliable combination is a bullish first candle followed by a bearish second candle. Being rejected twice at the same high indicates strong resistance at that level, suggesting a potential downward reversal.
After the tweezer top is confirmed, enter short when the next candle is bearish and drops below the second candle's low. Verify that the two highs are at the same level, similar to a double top.
Project the range from the two candles' high to low downward from the low. Or target the nearest support line.
Place a stop-loss slightly above the two candles' high. Since the highs are approximately equal, set above the higher of the two.
If the second candle's volume exceeds the first, it indicates strong seller entry. A high-volume bearish second candle enhances reversal reliability.