Tweezer Bottom (and Top)
Also called: tweezer top, tweezers
Two candles that bottom at nearly the same low on consecutive sessions — a short-term bullish reversal as support holds twice.
A tweezer bottom forms when two adjacent candles share almost the same low — typically a down candle followed by an up candle that tests and holds the same level. The matched lows show sellers failed to push lower a second time.
Its mirror, the tweezer top, has two matching highs and warns of a short-term top. Tweezers are stronger at a level that already mattered and when the second candle reverses convincingly.
On StockSetups
StockSetups treats tweezers as short-term reversal confirmations at support or resistance, layered onto the chart-pattern read.
Related terms
See tweezer bottom (and top) on tonight's board.
StockSetups scans the whole US market after the close and draws the patterns, levels and indicators on every chart.
Start free — 7-day full access →