Tweezer bottom

    By
    Andrey Orlov
    -
    0
    834
    The tweezer bottom is a reverse candlestick pattern that can usually be found at the end of a downtrend.

    It happens when two or more candlesticks touch the bottom to create what looks like an upside-down tweezer on charts of various types.

    Tweezer bottoms indicate the end of a short-term downtrend and are bullish, meaning buyers or sellers were not able to push the bottom any further.

    To be valid, a tweezer bottom (1) must have the following characteristics:

    • The first candle must be bearish, belonging to the recent downtrend.
    • The second candle must be bullish.
    • The shadows of the candles should be of equal length, meaning that the tweezer bottoms have approximately the same lows.