Technical Glossary / Candlestick Patterns
Tweezer Top
Two or more candles that share the same high after an advance.
Teaching sketch. It shows the shape, not a live quote and not a trade signal.
Definition
A tweezer top is a matching high. The market tried the same price twice and did not accept above it. The candles can be adjacent. The first is often up and the second down, but the shared high is the definition, not the colours.
How to identify it
Two highs at the same price, or so close that the difference is noise, after a rally. A shared high in the middle of a choppy range is not a top by itself.
Bullish reading
A later close above the twin high voids the tweezer. The level then becomes a breakout, not a ceiling.
Bearish reading
At resistance, a second failure at the same high is supply. Shorts use a close back under the candles, with a stop beyond the twin high.
Common mistakes
Forcing equality. A few ticks of difference on a high-priced index can still be "the same" high. A large difference is just two highs.
Limitations
Matching highs are common. The pattern matters when it lines up with a larger level, not when it is the only thing on the chart.
This note explains the term. A sketch shows the shape of the idea. Neither is a recommendation, a signal, or a comment on any security. Indicator settings and exchange conventions differ. Check the live chart and the contract specification before you use a number.