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Tweezer Top

The Tweezer Top pattern indicates a trend reversal. It occurs when the most recent two candlesticks form the same high, with the second candlestick showing higher volume on a downtrend. This signals a potential top of the trend. Traders should only look for this pattern in a clear trend, not consolidation. The target is typically reached within 8-12 future candlesticks. Traders should use a 1:1 risk-reward ratio and exit if the target is not met within 17 candlesticks.

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karthick sudharsan
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293 views

Tweezer Top

The Tweezer Top pattern indicates a trend reversal. It occurs when the most recent two candlesticks form the same high, with the second candlestick showing higher volume on a downtrend. This signals a potential top of the trend. Traders should only look for this pattern in a clear trend, not consolidation. The target is typically reached within 8-12 future candlesticks. Traders should use a 1:1 risk-reward ratio and exit if the target is not met within 17 candlesticks.

Uploaded by

karthick sudharsan
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Tweezer Top

Pattern Type: Top Trend Reversal


Formation:
1. The previous Trend should be Bullish.
2. Two Continuous Candlesticks forming the same High.
3. You can check same high from Wix to Wix, Body to Body, Wix
to Body, Body to wicks
Only go for a proper trend; don't try to find this kind of pattern in a
consolidation or sideways market.
Confirmations :
1. Same high of two candles is mandatory.
2. Selling confirmation as per high volume of Candle 2.
Conditions ​:
1. First, try to join Resistance line, and near about Resistance, you will get
the formation of a Tweezer Top
How to check trades

How to take trade


Target Time Frame:
The timeframe for a target in all candlesticks reversals Thumb rule: It
will achieve target in next 8-12 candlesticks, (90% of Target get
achieved in 8-12 Candles) but if something going beyond 17
Candles then focus on the chart again or You have to Exit the
trade, But first check the chart if there is no trend then better to
exit.
Risk/Reward Ratio:
First go with 1:1 ratio ( risk /reward)
If your stop loss is Rs 5 then your target will be Rs 5 only that means 1:1
First focus on 1 Day.
Selling will be in the last 10-15 minutes as per 1 Day candle.

Information By: CityInvest Divish S.


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