This type of Candlestick Pattern may come in various different ways and it is very important that you need to know about them. Let's start with the Tweezer Bottom. This type of Candle Pattern composes of two or more candlesticks that exactly have the same matching bottoms. The bottom levels can be composed of Real Bodies, Wicks/Shadows, and a Dojis.
Tweezer Bottom can be encountered on a Downtrend which provides a high possibility of reversal signal.
The Tweezer Top is the exact opposite of the above case. When the current trend of the market is up then it is most likely that you will encounter this type of Candlestick pattern especially on the near end of the move.
Being able to identify either a Tweezer Top or Bottom can be helpful on your part as a technical trader where it can provide you an early signal allowing you to perform the necessary actions. Below are some images that illustrates the various forms of Candlestick Patterns for both the Tweezer Top and Bottom;
Tweezer Bottom can be encountered on a Downtrend which provides a high possibility of reversal signal.
The Tweezer Top is the exact opposite of the above case. When the current trend of the market is up then it is most likely that you will encounter this type of Candlestick pattern especially on the near end of the move.
Being able to identify either a Tweezer Top or Bottom can be helpful on your part as a technical trader where it can provide you an early signal allowing you to perform the necessary actions. Below are some images that illustrates the various forms of Candlestick Patterns for both the Tweezer Top and Bottom;
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| First Case |
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| Second Case |
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