Tweezer Top
Candlestick PatternsA two-candle bearish reversal pattern where consecutive candles share the same or nearly the same high, showing that the price was rejected twice at a level.
What Is a Tweezer Top?
A tweezer top forms at the peak of an Uptrend when two consecutive candles reach the same (or very nearly the same) high, then pull back. The first candle is typically bullish, and the second is bearish. The matching highs show that price was rejected at that level twice, creating a double rejection.
How to Identify It
On USD/JPY, look for two adjacent candles where the upper wicks reach the same price. The bodies and lower wicks can differ. What matters is that the highs are virtually identical, forming a "tweezer" shape when viewed together.
The pattern is strongest when the equal highs align with a known Resistance level, a round number, or a previous swing high. This confluence of rejection signals increases the probability of a reversal.
Trading the Tweezer Top
Enter short when the price drops below the low of the second candle, confirming the rejection. Stop loss goes above the matching highs. Target the nearest Support zone or use a risk-reward ratio of at least 1:2.
The tweezer top's counterpart is the Tweezer Bottom, which signals a bullish reversal at the bottom of a downtrend. Both patterns rely on the concept of price failing at the same level twice, indicating a strong supply or demand zone.
Related Terms
Tweezer Bottom
A two-candle bullish reversal pattern where consecutive candles share the same or nearly the same low, showing that the price found support twice at a level.
Double Top
A bearish reversal pattern where the price reaches the same high twice with a pullback in between, forming an "M" shape. The break below the middle trough confirms the reversal.
Shooting Star
A bearish reversal candlestick with a small body at the bottom and a long upper wick. It appears at the top of an uptrend, showing that buyers were overwhelmed by sellers.
Evening Star
A three-candle bearish reversal pattern consisting of a large green candle, a small-bodied candle, and a large red candle. It signals the end of an uptrend.