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Bearish Tweezer Top

Daily Charts:   94 found in last 10 days.   Updated Thu Mar 11 18:16:04 2010 CST . Click here to see them.

Weekly Charts:   24 found in last 10 weeks. Click here to see them.

Bearish Tweezer Top

This pattern signals a trend...
How to identify...
Similar pattern(s)...
Reversal
  1. 1st day consists of a long body candle.
  2. 2nd day consists of a short body candle that has a high equal to the prior day's high.
  3. The color of each candle body is not considered in the matching of this pattern.

Psychology...

The price action has trended upward then 2 consecutive days of equal highs signal resistance. This could signal a short term top is forming.





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