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