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Crypto · candlestick pattern

Tweezer top on Ethereum

On Ethereum the tweezer top showed up 247 times. The target came first 35% of the time, the stop 56%, and 9% went nowhere within 12 candles.

Counted on Ethereum (ETH/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily540%40%20%
4-hour5927%69%3%
Hourly18338%52%10%

Ethereum against the rest

ChartsFoundTarget firstStop firstWent nowhere
Ethereum24735%56%9%
All Crypto charts7,85434%57%9%
Every market10,99134%58%8%

Year by year

YearFoundTarget firstStop first
20215634%59%
20223829%63%
20234335%53%
20244030%55%
20254137%56%
20262952%45%

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 Ethereum

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

The tweezer top elsewhere

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

Questions

How often does the tweezer top work on Ethereum?

In 247 cases on Ethereum, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 56%; 9% went nowhere within 12 candles.

What is the tweezer top?

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