Improve Your Market Timing: The Tweezers Top Candlestick Pattern
July 24th, 2010 | 
Author: - The Tweezers Top consists of at least two candles with close to identical highs and derives its’ name from the resemblance to a pair of tweezers.
- I like to see wicks on both candles to the topside rejecting higher price levels.
- The classic Tweezers Top should have a longer bullish candle for the first candle followed by a smaller real body; although that configuration is not a hard fast rule.
- The Tweezers Top is more credible in longer timeframes such as weekly and monthly charts.
- The Tweezers Top should be followed by a bearish confirmation candle on increasing volume.
Posted in Uncategorized
RSS feed
