Tweezer Tops and Bottoms

Japanese Candlestick Patterns

As described by Steve Nison in his “Japanese Candlesticks Charting Techniques.

“Tweezers tops and bottoms are when the same highs or lows are tested the next session or within a few sessions. They are minor reversal signals that take on an extra importance if the two candlesticks that comprise the tweezers pattern also form another candlestick indicator. For example, if both session's of a harami cross have the same high it could be an important top reversal since there would be a tweezers top and a bearish harami cross made by the same two candlestick lines.”

They are called Tweezer tops and bottoms because they are compared to the two prongs of a tweezer. In rising markets, a tweezer top is formed when the two or more consecutive highs match. In a falling market, a tweezer bottom is made when two or more consecutive lows are the same. The tweezers should be composed of real bodies, shadows, and or doji.