Two or more adjacent candles with almost identical highs after an advance, showing price was rejected twice at the same level.
The pattern is defined by matching highs rather than by body shape. Typically a green candle is followed by a red one that tests the same high and fails.
Its value is that it creates an exact level with a tight invalidation. If two bars both stopped within a few ticks of 4,512, then 4,512 is where offers sit and a stop a few ticks above it is cheap.
That precision is also the weakness: matching highs are exactly what attracts resting stops, so tweezer tops are frequently taken out by a liquidity-sweep before any real move. Traders who use them often wait for the sweep and failure rather than shorting the level directly.
Original diagrams for the ideas on this page. Illustrative, not real market data.
The bid-ask spread. Buy orders sit below, sell orders above, and the gap between the best bid (50.01) and best ask (50.04) is the spread you pay to cross. Bar length shows the size resting at each price.
Educational only, not advice. Spotted an error? Post in Site Feedback.