The tweezer bottomThe tweezer bottom is a reverse candlestick pattern that can... More is a reverse candlestick pattern that can usually be found at the end of a downtrendWhat is a downtrend in trading? When the price of an asset... More.
It happens when two or more 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 and 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.
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