The Tweezer Top mirrors the bottom version but appears after an advance.
Two candles share nearly the same high, showing that buyers could not push beyond a certain level.
The strategy opens a short once the second candle confirms the ceiling, expecting a pullback as bullish momentum stalls.
A tight stop above the twin highs keeps risk in check and the trade exits if price climbs back above that resistance.
- Entry Criteria: pattern match
- Long/Short: Both
- Exit Criteria: stop-loss or opposite signal
- Stops: Yes, percent based
- Default Values:
- CandleType = 15 minute
- StopLoss = 2%
- Filters:
- Category: Pattern
- Direction: Both
- Indicators: Candlestick
- Stops: Yes
- Complexity: Intermediate
- Timeframe: Intraday
- Seasonality: No
- Neural networks: No
- Divergence: No
- Risk level: Medium