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US stock market · candlestick pattern

Tweezer top on Invesco QQQ ETF

On Invesco QQQ ETF the tweezer top showed up 24 times. The target came first 46% of the time, the stop 50%, and 4% went nowhere within 12 candles.

Counted on Invesco QQQ ETF: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily850%50%0%
Hourly1644%50%6%

Invesco QQQ ETF against the rest

ChartsFoundTarget firstStop firstWent nowhere
Invesco QQQ ETF2446%50%4%
All US stock market charts85937%59%4%
Every market10,99134%58%8%

Year by year

YearFoundTarget firstStop first
2024333%67%
20251040%50%
2026560%40%

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 Invesco QQQ ETF

Inside bar · Stochastic bearish cross · Gap up · Stochastic bullish cross · Gap down · Spinning top · MACD bearish cross · RSI overbought drop · Doji · EMA 9/21 bullish cross · all of them

The tweezer top elsewhere

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

Questions

How often does the tweezer top work on Invesco QQQ ETF?

In 24 cases on Invesco QQQ ETF, the target (1.5 × ATR) came before the stop (1 × ATR) 46% of the time and the stop came first 50%; 4% went nowhere within 12 candles.

What is the tweezer top?

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