Tweezer bottom
Two bars after a fall that have almost the same low.
Candlestick patternsBest on 3M, 6MAlso called tweezer bottoms
What it shows
A tweezer bottom is two consecutive bars with lows within 0.1% of each other. It appears after a fall. The first bar is usually down and the second up.
The shape shows that price reached the same low twice in a row and did not pass it.
How we find it
The same code that draws it on your chart follows these steps, with the same result every time.
- Check price fell over the last 5 bars.
- Two bars with lows within 0.1%.
- The second bar closes above its open.
- Mark both bars.
Starting values: Tolerance 0.1%; Prior fall 5 bars. These are proposed and will be tuned on real price data before launch.
How to read it
- The gold line marks the shared low.
- Both bars stop at the same level.
- Candles before them fall.
Status labels you may see
| Label | What it means |
|---|---|
| Today | Rule met with the last two bars. |
| Recently | Within the last 5 bars. |
| None | Not found. |
What cancels it
Nothing cancels it.
What traders check next
- Next bar.
- Volume.
- Whether the low is a prior support level.
Limits
- Tolerance is a choice.
- Equal lows are common by chance.
- Outcomes vary.
Try it in forecastviz
- Open any ticker and choose Candlestick patterns → Tweezer bottom in the left menu.
- Switch between 3M, 6M to see how the picture changes.
- Compare with Tweezer top and Double bottom on the same chart.
Questions
Related to a double bottom?
The double bottom is the same idea over a longer span.
Mirror?
Tweezer top.
Related trends
Further reading
- Nison, Japanese Candlestick Charting Techniques
- Bulkowski, Encyclopedia of Candlestick Charts
- Morris, Candlestick Charting Explained
Educational only. Not financial advice, and not a price forecast. Charts are drawn by code from past price data, which may be delayed.