✤ Setup Conditions
1. 1st candle’s close must be less than 1st candle’s open, it means 1st candle is a bearish candle.
2. 2nd candle’s close is greater than 2nd candle’s open, it means 2nd candle is a bullish candle.
3. 2nd candle’s close must be greater than 50% of the 1st candle’s entire range.
4. 2nd candle’s low must be equal to or very near by 1st candle's low.
5. 3rd candle confirmation needed.
A Tweezers Bottom is a bullish candlestick pattern that indicates a potential reversal from a downtrend to an uptrend. It consists of two candles with matching or nearly matching lows, suggesting a support level where the price refuses to go lower.
✤ Key Characteristics:
1. First Candle
☛ A bearish candlestick (red/black) that reflects strong selling momentum.
2. Second Candle
☛ A bullish candlestick (green/white) with a low equal to or slightly higher than the first candle's low.
☛ Both candles share a similar low, forming the "tweezer" shape.
✤ Interpretation
☛ Indicates that the market found support, and buyers are starting to regain control.
☛ Works best when it appears at the bottom of a downtrend or near a key support level.
✤ Confirmation
☛ Traders wait for the next candle to close higher to confirm the bullish reversal.
