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Japanese Candlestick Analysis

figure 14.19 Dark Could Cover on the Daily Chart of Icahn Enterprises.

Source: MetaTrader 4

figure 14.20 A Tweezers Top Formation.

See Figure 14.19. The intraday penetration of the trigger level is not considered

a valid confirmation of the reversal pattern.

tweezers top 

Description:

■ (^) The tweezers top is a double candlestick reversal pattern. See Figure 14.20.
■ (^) Both candlesticks share the same high (it is this double test of the same high
that is the most important characteristic of this pattern).
■ (^) Longer upper shadows or real bodies are indicative of greater bearishness.