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Crypto · candlestick pattern

Tweezer top on Arbitrum

On Arbitrum the tweezer top showed up 180 times. The target came first 31% of the time, the stop 61%, and 9% went nowhere within 12 candles.

Counted on Arbitrum (ARB/USDT): daily candles from March 2023, 4-hour candles from March 2023 and hourly candles from March 2023.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily367%33%0%
4-hour3631%64%6%
Hourly14130%60%10%

Arbitrum against the rest

ChartsFoundTarget firstStop firstWent nowhere
Arbitrum18031%61%9%
All Crypto charts7,85434%57%9%
Every market10,99134%58%8%

Year by year

YearFoundTarget firstStop first
20233628%58%
20244527%60%
20256439%59%
20263523%66%

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 Arbitrum

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Volume profile rejection · Volume profile bounce · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bullish cross · all of them

The tweezer top elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Dow Jones · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the tweezer top work on Arbitrum?

In 180 cases on Arbitrum, the target (1.5 × ATR) came before the stop (1 × ATR) 31% of the time and the stop came first 61%; 9% went nowhere within 12 candles.

What is the tweezer top?

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