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

Tweezer Top

Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...
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