Tweezer Top - Bearish Candlestick Formation

Tweezer Top Definition

A tweezer (kenuki) top occurs when the highs of two or more candlesticks are equal in a series of candlesticks.  The high of these days can also coincide with the open or close.  These highs will later become resistance.  The tweezer top has a higher odds of success if it occurs in the context of a larger bear market.  The term tweezer sounds small, but it is not the size of the candlestick, but the fact the candlesticks have the same highs.

Tweezer Top Candlestick Formation