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Improve Your Market Timing: The Tweezers Top Candlestick Pattern

By markettamer
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 Courtesy of MarketTamer

  • 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.

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