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US stock market · candlestick pattern

Tweezer top on Alibaba

On Alibaba the tweezer top showed up 31 times. The target came first 35% of the time, the stop 61%, and 3% went nowhere within 12 candles.

Counted on Alibaba: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily911%89%0%
Hourly2245%50%5%

Alibaba against the rest

ChartsFoundTarget firstStop firstWent nowhere
Alibaba3135%61%3%
All US stock market charts85937%59%4%
Every market10,99134%58%8%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the tweezer top is

Two candles hit the same high. That ceiling held twice.

Imagine jumping twice and bumping your head on the same spot of the ceiling both times. A tweezer top is two candles whose highest points land at almost exactly the same price. Buyers hit a ceiling twice, and it held both times.

The full tweezer top lesson, video and quiz ›

Other patterns on Alibaba

Inside bar · Gap up · Gap down · Stochastic bullish cross · Stochastic bearish cross · Spinning top · MACD bullish cross · Doji · MACD bearish cross · RSI overbought drop · all of them

The tweezer top elsewhere

Dow Jones · Tesla · Broadcom · Oracle · Nvidia · Microsoft · Intel · Boeing · Amazon · Bank of America · Sony · GBP/USD · EUR/JPY · Gold · Silver · Ethereum · Bitcoin

Questions

How often does the tweezer top work on Alibaba?

In 31 cases on Alibaba, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 61%; 3% went nowhere within 12 candles.

What is the tweezer top?

Two candles hit the same high. That ceiling held twice.