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US stock market · candlestick pattern

Tweezer bottom on JPMorgan

On JPMorgan the tweezer bottom showed up 22 times. The target came first 45% of the time, the stop 55%, and 0% went nowhere within 12 candles.

Counted on JPMorgan Chase: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily757%43%0%
Hourly1540%60%0%

JPMorgan against the rest

ChartsFoundTarget firstStop firstWent nowhere
JPMorgan2245%55%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 JPMorgan

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

In 22 cases on JPMorgan, the target (1.5 × ATR) came before the stop (1 × ATR) 45% of the time and the stop came first 55%; 0% went nowhere within 12 candles.

What is the tweezer bottom?

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