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Indian stock market · candlestick pattern

Tweezer bottom on Sensex

On Sensex the tweezer bottom showed up 22 times. The target came first 50% of the time, the stop 50%, and 0% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1050%50%0%
Hourly1250%50%0%

Sensex against the rest

ChartsFoundTarget firstStop firstWent nowhere
Sensex2250%50%0%
All Indian stock market charts1,24342%51%7%
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 Sensex

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

The tweezer bottom elsewhere

Nifty 50 · Bank Nifty · Infosys · Coal India · ICICI Bank · Tata Power · Grasim · Bajaj Finserv · Bajaj Auto · TCS · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Ethereum · Bitcoin

Questions

How often does the tweezer bottom work on Sensex?

In 22 cases on Sensex, the target (1.5 × ATR) came before the stop (1 × ATR) 50% of the time and the stop came first 50%; 0% went nowhere within 12 candles.

What is the tweezer bottom?

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