The tweezers candlestick pattern is a formation that always involves two candles. At a tweezers top, the high price of two nearby sessions are identical, or very nearly so. Conversely, a tweezers bottom occurs when the low price of two sessions are nearly identical.
How to identify
- 1st day consists of a long white body candle.
- 2nd day consists of a short body candle that has a high equal to the prior day’s high.
The price action has trended upward then 2 consecutive days of equal highs signal resistance. This could signal a short term top is forming.