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US stock market · candlestick pattern

Tweezer bottom on ExxonMobil

On ExxonMobil the tweezer bottom showed up 37 times. The target came first 38% of the time, the stop 57%, and 5% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1436%57%7%
Hourly2339%57%4%

ExxonMobil against the rest

ChartsFoundTarget firstStop firstWent nowhere
ExxonMobil3738%57%5%
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 ExxonMobil

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Gap up · Doji · MACD bearish cross · Gap down · MACD bullish cross · Volume profile bounce · 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 ExxonMobil?

In 37 cases on ExxonMobil, the target (1.5 × ATR) came before the stop (1 × ATR) 38% of the time and the stop came first 57%; 5% went nowhere within 12 candles.

What is the tweezer bottom?

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