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Crypto · candlestick pattern

Tweezer bottom on Pepe

On Pepe the tweezer bottom showed up 153 times. The target came first 25% of the time, the stop 56%, and 19% went nowhere within 12 candles.

Counted on Pepe (PEPE/USDT): daily candles from May 2023, 4-hour candles from May 2023 and hourly candles from May 2023.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily30%100%0%
4-hour3013%53%33%
Hourly12028%56%16%

Pepe against the rest

ChartsFoundTarget firstStop firstWent nowhere
Pepe15325%56%19%
All Crypto charts6,99133%55%12%
Every market9,70935%55%11%

Year by year

YearFoundTarget firstStop first
2023375%68%
20243834%53%
20254430%59%
20263429%44%

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 Pepe

Inside bar · Doji · Stochastic bullish cross · Stochastic bearish cross · Volume profile rejection · Spinning top · Volume profile bounce · MACD bullish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · all of them

The tweezer bottom elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the tweezer bottom work on Pepe?

In 153 cases on Pepe, the target (1.5 × ATR) came before the stop (1 × ATR) 25% of the time and the stop came first 56%; 19% went nowhere within 12 candles.

What is the tweezer bottom?

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