It happens when two or moretouch the bottom to create what looks like an upside-down tweezer on charts of various types.
Tweezer bottoms indicate the end of a short-termand are , 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 , 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.