TWEEZER BOTTOM
20 February 2017 By PDSNETA bottom reversal pattern comprising of at least three candles and which signals the beginning of an upward trend. The Tweezer bottom requires that the last two candles in the formation have the same or similar low for the day. This formation can also have a candle in-between these two last candles, however the signal is only valid if this middle candle's low does not go below the low of the two candles next to it. The formation can be comprised of many candles with the same low, signalling that the bulls are making a stand and that soon an uptrend will begin.
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