𝗧𝗥𝗔𝗗𝗜𝗡𝗚 𝗚𝗨𝗜𝗗 𝗙𝗢𝗥 𝗕𝗘𝗚𝗜𝗡𝗡𝗘𝗥𝗦-𝗣𝗮𝗿𝘁-15

🟢Powerful Candlestick Patterns:𝗣𝗮𝗿𝘁-15

🎖️15. Tweezer Top

🔹The Tweezer top candlestick pattern is a bearish reversal pattern. Tweezer top pattern occurs when there are two or more candles having identical highs that mark a horizontal line of resistance.

🔹Typically, the first candlestick is bullish, indicating a continuation of the uptrend, while the second candlestick is bearish, signalling a potential reversal as it fails to surpass the high of the previous candlestick and closes lower.

🔹According to a study conducted by the Financial Markets Research Centre at Vanderbilt University, published in their report titled “Candlestick Patterns and Their Statistical Significance in Financial Markets,” the Tweezer Top pattern has a success rate of approximately 61% in predicting bearish reversals.

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