TWEEZER TOP
23 February 2017 By PDSNETA top reversal candlestick formation consisting of three candles, the last two of which have the same, or nearly the same, highs. It does not matter whether these highs are shadows, bodies or both, or what colour the candles are. It is also possible for the prongs of the tweezer to be separated by another candle as long as that candle's high does not reach higher than the highs of the prongs. The logic of this pattern is that the bulls have failed to drive the price higher than the prongs, signalling the end of the uptrend. This formation can also consist of up to four candles with the same or similar highs - the more candles there are like this, the stronger the signal.
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