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This pattern consists of two candles representing two consecutive days. Usually found at the top of an up trend, it starts bullish with a large white candle on the first day however things soon change on the second day.
The bears are in complete control as they open at the same price as the previous day but draw the price down to a new low on which it closes.
The tops are roughly the same hence the tweezers look. This pattern can take a different shape as well as even a flat top could be classed as a tweezer top.
This pattern can signal a change of feeling in the market to more of a bearish nature.
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Most candlestick patterns should appear close to previous resistance or support levels depending on what type it is. You should only trade a candlestick pattern if it's near these levels.
Don't trade using these patterns if it's not at the top or bottom of a trend. These patterns appear a great deal so you have to make certain you only trade at the right level.
This is very important as you will end up over trading them and you will end up losing more money than you imagined.
