Tweezer Bottom
Candlestick PatternsA two-candle bullish reversal pattern where consecutive candles share the same or nearly the same low, showing that the price found support twice at a level.
What Is a Tweezer Bottom?
A tweezer bottom forms at the base of a Downtrend when two consecutive candles share the same (or very nearly the same) low. The first candle is typically bearish, and the second is bullish. The matching lows show that price found demand at that level twice, creating a double bounce.
Spotting the Pattern
On EUR/USD, look for two adjacent candles with lower wicks reaching the same price. The first candle pushes down and closes weak. The second candle tests that same low but reverses to close higher. The matching lows form the "tweezer" shape.
This pattern is especially meaningful when the equal lows coincide with a well-established Support level, a Fibonacci retracement, or a previous swing low.
How to Trade It
Enter long when the price moves above the second candle's high. Place the stop loss just below the matching lows. The first target should be the nearest Resistance level.
The tweezer bottom is the bullish counterpart of the Tweezer Top. Both patterns work on the same principle: price failing to break through a level on two consecutive attempts reveals a zone of significant interest. The reliability increases on higher timeframes like the daily and 4-hour charts.
Related Terms
Tweezer Top
A two-candle bearish reversal pattern where consecutive candles share the same or nearly the same high, showing that the price was rejected twice at a level.
Double Bottom
A bullish reversal pattern where the price reaches the same low twice with a bounce in between, forming a "W" shape. The break above the middle peak confirms the reversal.
Hammer
A bullish reversal candlestick with a small body at the top and a long lower wick at least twice the body length. It appears at the bottom of a downtrend.
Morning Star
A three-candle bullish reversal pattern consisting of a large red candle, a small-bodied candle (often a doji), and a large green candle. It signals the end of a downtrend.