Technical Definition
A two-candle bearish reversal pattern where two consecutive candles record nearly the same high, indicating strong rejection of higher prices.
The market tried to rise and was rejected at the same price level twice. This repeated failure near the highs highlights strong supply and a potential shift in short-term sentiment from buyers to sellers.
Strong rejection of higher prices.
Market Psychology
Context
Market is in uptrend Buyers are confident Price makes higher highs
Initial Test
Buyers push price higher Sellers emerge near resistance Price retreats from high
Retest
Buyers test same high again Sellers respond immediately Price fails to break higher
Defense
Buyer confidence weakens Sellers gain conviction Market hesitates or rolls over
Pattern Anatomy
Same or Nearly Same High
Both candles share the same high price point.
Candle Colors May Vary
Most common: bullish + bearish, but both can be bullish.
Equal Highs as Visual Ceiling
The shared high acts as a clear resistance level on the chart.
Pattern Rules
Appears after uptrend or rally
Reversal context is required.
Two consecutive candles
Pattern requires adjacent price action.
Highs are equal or nearly equal
Defines the defended price level.
Second candle shows reduced buying or selling response
Demonstrates momentum shift.
Closer the highs, stronger the pattern
Precision indicates stronger defense.
Signal Confirmation
- A bearish candle following the pattern
- Price moving below tweezer lows
- Confluence with resistance zones
- Weakening trend or momentum