Tweezers Bottom Candlestick Pattern

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Tweezers Bottom Candlestick PatternTweezer bottoms candlestick chart pattern is a candlestick pattern which is usually seen in a extended downtrend.

It is a bullish reversal candlestick chart pattern. It indicates that the downtrend may be exhausted and reversal coming soon.


Direction:-- Bullish or up trend.

Type of this pattern: Reversal.

Reliability on this pattern: Week.

Tweezers Bottom Candlestick Pattern

To find this candlestick pattern in a chart, you have to give your eyes in a downtrend.

The first candle must be a bearish candle.

The second candle will be a bullish candle which indicate that the up momentum may be started.

However, the most important thing to recognize this pattern is its low. Take a look in the above pic. Two candle's lows will be same.

If You found this in your chart, wait for another confirmation. Another confirmation may be a bullish candlestick formation after the pattern formation.

Or you can take a confirmation from another forex trading tool.

However, our lesion is, 'NEVER PLAY WITH THIS PATTERN ALONE'

Tweezers Bottom Candlestick Pattern


 


 
                                         Candlestick Chart Patterns                                   
01 How to Read A Candlestick Chart                                                            
02 Bearish Engulfing
03 Bullish Engulfing
04 Doji
05 Dragonfly Doji & Gravestone Doji
06 Piercing Pattern
07 Morning star
08 Dark cloud cover
09 Hammer
10 Hanging Man
11 Harami
12 Inverted Hammer
13 Evening star
14 Shooting star
15 Tweezers Top
16 Tweezers Bottom
17 Windows
16 The Last Discussion on Japanese Candlestick Chart