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Tweezers top is a bearish market reversal pattern usually indicating an intermediate-term reversal of an existing uptrend. It is considered a weakly reliable candlestick formation and has two or more candlesticks with ideal highs. Bearish tweezers bottom can be considered as a short-term double top formation. The formation is considered widely as an indicator of short-term resistance levels.


The requirements of a bearish tweezers top candlestick pattern include,

• The market should be characterized by a significant uptrend.
• Two candlesticks are formed with ideal highs.

With bearish tweezers top pattern, the colors of candlesticks are not important; but many traders consider the pattern more reliable if the first candlestick is a long bullish one and the second a short bearish one. The candlestick real-bodies are also not important; often the second candlestick can be a hammer or doji. The candlesticks also needn’t be consecutive.

Bearish tweezers top formation occurs when a short-term top is formed in an existing uptrend. The new resistance levels, indicated by two identical highs, can result in a short term trend reversal. Tweezers top is a low reliable pattern and it needs confirmation of trend reversal. The reliability of the formation increases with significance of previous uptrend and with occurrence of an additional candlestick with the same high.

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