Definition of Tweezer Bottom
The Tweezer Bottom is a bullish reversal candlestick chart pattern. This pattern consists of two candlesticks where the first candlestick is long and bearish and the second is short and bullish.
- Tweezer Bottom consists of two candlesticks
- Tweezer Bottom is a bullish reversal trend pattern
Tweezer Bottom Insights
The Tweezer Bottom consists of two candlesticks that signify the end of a downtrend. The first candlestick is a long bearish candlestick that shows that the market is still in a downtrend. The second candlestick forms the next day and has the same lower level as the first candlestick. This candle has a short true body and a shadow that is about the same height as the first candle. The formation of the second candle indicates a bullish reversal.
After a downtrend, if the Tweezer Bottom appears you should consider opening long (buy position).
Similar Pattern – The Tweezer Top
The Tweezer Top is opposite to the tweezer bottom pattern.
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