Tweezer top
Two bars after a rise that have almost the same high.
Candlestick patternsBest on 3M, 6MAlso called tweezer tops
What it shows
A tweezer top is two consecutive bars with highs within 0.1% of each other. It appears after a rise. The first bar is usually up and the second down.
The shape shows that price reached the same high twice in a row and did not pass it.
How we find it
The same code that draws it on your chart follows these steps, with the same result every time.
- Check price rose over the last 5 bars.
- Two bars with highs within 0.1%.
- The second bar closes below its open.
- Mark both bars.
Starting values: Tolerance 0.1%; Prior rise 5 bars. These are proposed and will be tuned on real price data before launch.
How to read it
- The gold line marks the shared high.
- Both bars stop at the same level.
- Candles before them rise.
Status labels you may see
| Label | What it means |
|---|---|
| Today | Rule met with the last two bars. |
| Recently | Within the last 5 bars. |
| None | Not found. |
What cancels it
Nothing cancels it.
What traders check next
- Next bar.
- Volume.
- Whether the high is a prior resistance level.
Limits
- Tolerance is a choice.
- Two equal highs are common by chance.
- Outcomes vary.
Try it in forecastviz
- Open any ticker and choose Candlestick patterns → Tweezer top in the left menu.
- Switch between 3M, 6M to see how the picture changes.
- Compare with Tweezer bottom and Double top on the same chart.
Questions
Is it related to a double top?
The double top is the same idea over a longer span.
Mirror?
Tweezer bottom.
Related trends
Further reading
- Nison, Japanese Candlestick Charting Techniques
- Bulkowski, Encyclopedia of Candlestick Charts
- Morris, Candlestick Charting Explained
Educational only. Not financial advice, and not a price forecast. Charts are drawn by code from past price data, which may be delayed.