Tweezers Top โ Bearish Reversal Signal ๐
๐ The Tweezers Top is the bearish counterpart and signals a potential reversal at the top of an uptrend.
โ
Formation (2 candles):
1๏ธโฃ First โ Strong green candle in uptrend.
2๏ธโฃ Second โ Red candle with a high equal to or very close to the previous candleโs high.
โ
Meaning: Bulls tried to break higher twice but failed โ resistance strong โ sellers may take control.
๐ Example: Stock rallies โน680 โ โน725, forms green candle high โน728, next day red candle high โน728 and closes โน710 โ Tweezers Top โ bearish reversal likely.
๐ง Rule: Confirmation improves if red candle closes below prior candleโs body.
TATACOMM
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