The Tweezer Bottom is a two-candle reversal pattern that appears after a decline.
Both candles share a similar low, signaling that sellers failed to push beyond that level.
This strategy goes long after the second candle confirms the shared bottom, anticipating a bounce as selling pressure dries up.
Stops are placed just beneath the common low to manage risk, and the position exits if price fails to rally.
- Entry Criteria: pattern match
- Long/Short: Both
- Exit Criteria: stop-loss or opposite signal
- Stops: Yes, percent based
- Default Values:
- CandleType = 15 minute
- StopLoss = 2%
- Filters:
- Category: Pattern
- Direction: Both
- Indicators: Candlestick
- Stops: Yes
- Complexity: Intermediate
- Timeframe: Intraday
- Seasonality: No
- Neural networks: No
- Divergence: No
- Risk level: Medium