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US stock market · candlestick pattern

Tweezer bottom on SPDR S&P 500 ETF

On SPDR S&P 500 ETF the tweezer bottom showed up 24 times. The target came first 29% of the time, the stop 67%, and 4% went nowhere within 12 candles.

Counted on SPDR S&P 500 ETF: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily60%83%17%
Hourly1839%61%0%

SPDR S&P 500 ETF against the rest

ChartsFoundTarget firstStop firstWent nowhere
SPDR S&P 500 ETF2429%67%4%
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 SPDR S&P 500 ETF

Inside bar · Stochastic bearish cross · Gap up · Stochastic bullish cross · Gap down · Spinning top · MACD bearish cross · Doji · RSI overbought drop · 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 SPDR S&P 500 ETF?

In 24 cases on SPDR S&P 500 ETF, the target (1.5 × ATR) came before the stop (1 × ATR) 29% of the time and the stop came first 67%; 4% went nowhere within 12 candles.

What is the tweezer bottom?

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