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US stock market · candlestick pattern

Tweezer bottom on Dow Jones

On Dow Jones the tweezer bottom showed up 25 times. The target came first 36% of the time, the stop 64%, and 0% went nowhere within 12 candles.

Counted on Dow Jones: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily50%100%0%
Hourly2045%55%0%

Dow Jones against the rest

ChartsFoundTarget firstStop firstWent nowhere
Dow Jones2536%64%0%
All US stock market charts71038%57%5%
Every market9,70935%55%11%

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 Dow Jones

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

The tweezer bottom elsewhere

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

Questions

How often does the tweezer bottom work on Dow Jones?

In 25 cases on Dow Jones, the target (1.5 × ATR) came before the stop (1 × ATR) 36% of the time and the stop came first 64%; 0% went nowhere within 12 candles.

What is the tweezer bottom?

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