Tweezer Top and Tweezer Bottom are powerful reversal candlestick patterns often spotted at the end of trends.
🔻 Tweezer Top
Appears at the top of an uptrend. It consists of two consecutive candles with similar highs. The first candle is usually bullish, followed by a bearish candle of almost the same high, signaling a potential bearish reversal.
🔺 Tweezer Bottom
Appears at the bottom of a downtrend. It consists of two candles with matching lows. The first candle is bearish, followed by a bullish candle of nearly equal low, indicating a possible bullish reversal.
📌 Key Characteristics:
• Both candles have equal highs (top) or lows (bottom)
• Second candle shows hesitation or rejection of the previous trend
• Often found near resistance or support zones
• Works best with volume confirmation or other confluence signals
Disclaimer :
This idea post is not financial advice, it's for educational purposes only highlighting the power of coding( pine script) in TradingView, I am not a SEBI-registered advisor. Trading and investing involve risk, and you should consult with a qualified financial advisor before making any trading decisions. I do not guarantee profits or take responsibility for any losses you may incur.
🔻 Tweezer Top
Appears at the top of an uptrend. It consists of two consecutive candles with similar highs. The first candle is usually bullish, followed by a bearish candle of almost the same high, signaling a potential bearish reversal.
🔺 Tweezer Bottom
Appears at the bottom of a downtrend. It consists of two candles with matching lows. The first candle is bearish, followed by a bullish candle of nearly equal low, indicating a possible bullish reversal.
📌 Key Characteristics:
• Both candles have equal highs (top) or lows (bottom)
• Second candle shows hesitation or rejection of the previous trend
• Often found near resistance or support zones
• Works best with volume confirmation or other confluence signals
Disclaimer :
This idea post is not financial advice, it's for educational purposes only highlighting the power of coding( pine script) in TradingView, I am not a SEBI-registered advisor. Trading and investing involve risk, and you should consult with a qualified financial advisor before making any trading decisions. I do not guarantee profits or take responsibility for any losses you may incur.
Shivam mandai
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Shivam mandai
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.