Glossary › tweezer bottom

Trading glossary · candles

tweezer bottom

Two candles next to each other that stop at the same low after a fall, like a floor that held twice.

The fuller meaning

Two or more neighbouring candles with matching or nearly matching lows after a decline, showing a price that buyers defended twice. It carries more weight on a known support level and needs confirmation; the idea is wrong if price closes below the shared low.

tweezer bottom.

Related words

bearish · bearish engulfing · bearish harami · bearish marubozu · body · bullish · bullish engulfing · bullish harami · bullish marubozu · candlestick