Tweezer
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.
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'
| 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 |
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