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Crypto · candlestick pattern

Tweezer top on Toncoin

On Toncoin the tweezer top showed up 72 times. The target came first 32% of the time, the stop 51%, and 17% went nowhere within 12 candles.

Counted on Toncoin (TON/USDT): daily candles from August 2024, 4-hour candles from August 2024 and hourly candles from August 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
4-hour1020%60%20%
Hourly6234%50%16%

Toncoin against the rest

ChartsFoundTarget firstStop firstWent nowhere
Toncoin7232%51%17%
All Crypto charts7,85434%57%9%
Every market10,99134%58%8%

Year by year

YearFoundTarget firstStop first
20241421%43%
20254132%56%
20261741%47%

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 Toncoin

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · Volume profile bounce · Volume profile rejection · MACD bearish cross · MACD bullish 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 Toncoin?

In 72 cases on Toncoin, the target (1.5 × ATR) came before the stop (1 × ATR) 32% of the time and the stop came first 51%; 17% went nowhere within 12 candles.

What is the tweezer top?

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