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Markets › Bank of America › Tweezer bottom

US stock market · candlestick pattern

Tweezer bottom on Bank of America

On Bank of America the tweezer bottom showed up 29 times. The target came first 31% of the time, the stop 69%, and 0% went nowhere within 12 candles.

Counted on Bank of America: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily922%78%0%
Hourly2035%65%0%

Bank of America against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bank of America2931%69%0%
All US stock market charts71038%57%5%
Every market9,70935%55%11%

Year by year

YearFoundTarget firstStop first
2022333%67%
20251020%80%
20261145%55%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the tweezer bottom is

Two candles hit the same low. That floor held twice.

Picture a pair of tweezers, with two tips meeting at the very same point. A tweezer bottom is two candles whose lowest points land at almost exactly the same price. Price tested the floor twice, and the floor held both times.

The full tweezer bottom lesson, video and quiz ›

Other patterns on Bank of America

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Gap up · Gap down · Doji · MACD bearish cross · RSI overbought drop · EMA 9/21 bullish cross · all of them

The tweezer bottom elsewhere

Dow Jones · S&P 500 · Nasdaq 100 · Alibaba · Tesla · Broadcom · Oracle · Microsoft · Meta · Intel · Sensex · Nifty 50 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Ethereum · Bitcoin

Questions

How often does the tweezer bottom work on Bank of America?

In 29 cases on Bank of America, the target (1.5 × ATR) came before the stop (1 × ATR) 31% of the time and the stop came first 69%; 0% went nowhere within 12 candles.

What is the tweezer bottom?

Two candles hit the same low. That floor held twice.