The Tweezer top only appears when two candles have the same top in a trend.
š¹ Price trying to break the top twice but getting bounced back shows selling pressure in this area is massive and buyers are starting to get discouraged
šø This is a great opportunity to look for low risk Short trades because the stop loss point is clearly defined right above the tweezer top
š¹ This pattern is even more valuable if it appears at psychological round numbers or key moving average
šø Be cautious if the previous uptrend was too strong as price might accumulate to break the top on the third attempt
Do you dare to Short immediately upon seeing Tweezer Top or fear price will break resistance?
This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.