Bullish2-CandleCh. 10

Tweezer Bottom

Two candles with matching or nearly matching lows. The same price was tested twice and buyers defended it both times.

Where it matters

Meaningful at a known support zone after a decline.

The pattern in context
Tweezer Bottom: Meaningful at a known support zone after a decline.SupportConfirm

Faded candles are the trend before it, the band is the pattern, the dashed line is the level it formed at, and ✓ marks the confirming candle.

How to read it

  1. 01

    How it forms

    Candle 1 makes a new low. Candle 2 tests the same low but closes higher.

  2. 02

    Where it matters

    Meaningful at a known support zone after a decline.

  3. 03

    What confirms it

    A close above the high of the second candle.

  4. 04

    Where the idea is wrong

    A close below the matching lows.

  5. 05

    What volume should do

    Higher volume on the second, bullish candle supports the idea that buyers are defending the level.

  6. 06

    Common mistake

    Accepting lows that only roughly match. The closer the two lows, the clearer the message.

From the book

Read the full chapter in the book.

Chapter 10 of Trading Candlestick Patterns explains the Tweezer Bottom with real Indian market charts, volume context and stop-loss placement.

Trading Candlestick Patterns by Rohit Singh

Educational content only. A pattern describes what buyers and sellers did; it does not predict what price will do next. Not investment advice or a buy, sell or hold recommendation.