Tweezer Top – Bearish Reversal from Resistance 🎯
📊 The Tweezer Top forms at the end of an uptrend and indicates buyers losing control at a key resistance zone.
✅ Formation (2 candles):
1️⃣ First → Strong green candle.
2️⃣ Second → Red candle opening at or near the previous high and closing lower.
3️⃣ Both candles have almost equal highs (that’s the “tweezer”).
✅ Meaning: Resistance rejection → potential short-term reversal.
📌 Example: Stock rallies ₹940 → ₹970, then next candle opens ₹972 and closes ₹950 → Tweezer Top → bearish reversal confirmed.
🧠 Tip: Works best near major resistance or overbought RSI (>70).
KOTAKBANK
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