4 min Read Dec 1, 2022
A Tweezer Bottom is a two-candle bullish reversal pattern that forms at the bottom of a downtrend, where two consecutive sessions register almost identical lows — signalling that sellers have twice attempted to push the price below a key support level and failed. The first candle is typically bearish (red), and the second is bullish (green), with both candles sharing a matching low. The double rejection from the same low level indicates strong buying demand at that price, suggesting that the downtrend may be exhausting itself. Tweezer Bottoms carry greater significance when the matching lows align with a prior support level, Fibonacci retracement level, or a moving average, and when accompanied by a pickup in volume on the second candle.
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