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Crypto · candlestick pattern

Tweezer top on Optimism

On Optimism the tweezer top showed up 219 times. The target came first 27% of the time, the stop 63%, and 10% went nowhere within 12 candles.

Counted on Optimism (OP/USDT): daily candles from June 2022, 4-hour candles from June 2022 and hourly candles from June 2022.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily520%80%0%
4-hour3921%72%8%
Hourly17529%61%11%

Optimism against the rest

ChartsFoundTarget firstStop firstWent nowhere
Optimism21927%63%10%
All Crypto charts7,85434%57%9%
Every market10,99134%58%8%

Year by year

YearFoundTarget firstStop first
2022268%85%
20235129%55%
20245223%63%
20255433%63%
20263633%58%

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 Optimism

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Volume profile bounce · Volume profile rejection · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish 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 Optimism?

In 219 cases on Optimism, the target (1.5 × ATR) came before the stop (1 × ATR) 27% of the time and the stop came first 63%; 10% went nowhere within 12 candles.

What is the tweezer top?

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