The Tweezer Top is formed by two candles with matching or nearly matching highs, typically one bullish and one bearish. This pattern signals potential resistance, as sellers are consistently pushing back against the same level. The Tweezer Top reflects a moment of seller strength, often marking the end of an uptrend.
Recognizing Tweezer Tops helps traders spot resistance zones and potential reversal points, allowing them to avoid buying into weakening trends. For traders interested in gaining a deeper understanding of resistance patterns, The Chart Guys provide practical insights and resources.
