Tweezer Bottom / ツイーザーボトム
Reference values based on Bulkowski's "Encyclopedia of Chart Patterns". Data is primarily from U.S. markets and may differ for other markets.
A two-candlestick pattern appearing at the bottom of a downtrend where two consecutive candles have approximately the same low. The most reliable combination is a bearish first candle followed by a bullish second candle. Being supported twice at the same low indicates strong support at that level, suggesting a potential upward reversal.
After the tweezer bottom is confirmed, enter long when the next candle is bullish and exceeds the second candle's high. Verify that the two lows are at the same level, similar to a double bottom.
Project the range from the two candles' low to high upward from the high. Or target the nearest resistance line.
Place a stop-loss slightly below the two candles' low. Since the lows are approximately equal, set below the lower of the two.
If the second candle's volume exceeds the first, it indicates strong buyer entry. A high-volume bullish second candle enhances reversal reliability.