Technical Glossary / Candlestick Patterns
Tweezer Bottom
Two or more candles that share the same low after a decline.
Teaching sketch. It shows the shape, not a live quote and not a trade signal.
Definition
A tweezer bottom is a matching low. Price tested the same price twice and did not accept below it. It is the bullish mirror of a tweezer top. The shared low is the pattern. Colours help the story but do not define it.
How to identify it
Two lows at essentially one price, after a decline. The second candle often closes back up. A double bottom on a larger swing is a different, slower pattern.
Bullish reading
At support, the twin low is demand that showed up twice. Traders want a later close above the tweezer candles, and they place risk beyond the shared low.
Bearish reading
A close through the twin low turns the tweezer into a failed floor. Do not keep the bullish label after the level breaks.
Common mistakes
Calling every retest of a low a tweezer, including tests days apart with many candles in between. Tweezers are adjacent or very close.
Limitations
Two equal lows can still break on the third try. The pattern is a location, not a guarantee the low is final.
This note explains the term. A sketch shows the shape of the idea. Neither is a recommendation, a signal, or a comment on any security. Indicator settings and exchange conventions differ. Check the live chart and the contract specification before you use a number.