Key Takeaways
Tweezer Bottom
Two or more candles with matching lows at the bottom of a downtrend. Shows strong support at that price level.
Market Psychology
Buyers defended the same price level twice, indicating strong support and potential reversal.
Candle Structure
Trading Setup Example
Entry, stop loss, and take profit levels.
Always wait for pattern confirmation before entering a trade.
Where This Pattern Appears
Trend context and market position.
Appears at the bottom of a downtrend, signals bullish reversal.
How to Identify
Two consecutive candles with matching or near-matching lows
First candle is typically bearish, second is bullish
Appears at the bottom of a downtrend
Lows should be within a few pips of each other
Confirmation Signals
Trading Strategy
š„ Entry
Enter long on break above the second candle high
š Stop Loss
Place stop below the matching lows
šÆ Take Profit
Target previous swing highs
āļø Risk/Reward
1:2
Common Mistakes to Avoid
Pro Tips
Best Timeframes
Pattern Variations
Educational Disclaimer
This content is for educational purposes only and does not constitute financial or investment advice. Trading involves significant risk and you may lose your capital. Always consult a licensed financial advisor before making investment decisions.
Frequently Asked Questions
Related Learning Resources
Related Patterns
Hammer
A single candlestick pattern with a small body at the top and a long lower shadow (at least 2x the body). Appears at the bottom of a downtrend.
Inverted Hammer
A single candlestick with a small body at the bottom and a long upper shadow. Appears at the bottom of a downtrend, signaling potential reversal.
Bullish Engulfing
A two-candle reversal pattern where a large bullish candle completely engulfs the previous bearish candle. One of the most reliable reversal patterns.