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THE CANDLESTICK TRADING BIBLE
The Tweezers tops and bottoms
The tweezers top formation is considered as a bearish reversal pattern
seen at the top of an uptrend, and the tweezers bottom formation is
interpreted as a bullish reversal pattern
seen at the bottom of a
downtrend.
See the example below:
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THE CANDLESTICK TRADING BIBLE
The tweezers top formation consists of two candlesticks:
The first one is a bullish candlestick followed by a bearish candlestick.
And the tweezers bottom formation consists of two candlesticks as
well.
The first candle is bearish followed by a bullish candlestick.
So we can say that the tweezers bottom is the bullish version of the
tweezers top.
The tweezers top occurs during an uptrend when buyers push the price
higher, this gave us the impression that the market is still going up, but
sellers surprised buyers by pushing the market lower and close down
the open of the bullish candle.
This price action pattern indicates a bullish trend reversal and we can
trade it if we can combine this signal with other technical tools.
The tweezers bottom happens during a downtrend, when sellers push
the market lower, we feel that everything is going all right, but the next
session price closes above or roughly at
the same price of the first