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Nikita (SEBI RA)

23rd Oct · SEBI-Registered Analyst

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).

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