What it looks like
Two candles after a fall. The first is a down candle, the second an up candle. Their lows are equal or within a tiny distance (a point or two on gold, a few points on US30). The bodies can differ in size.
What it means
Sellers pushed to a level, failed to break it, and failed again on the next candle while buyers closed it higher. Sellers had been in control and this is where they were stopped. It is a sign the fall is tiring, not proof that it has turned.
How to trade it
- 1
Confirm: wait for the next candle to close above the pattern's high.
- 2
Enter: buy on that close.
- 3
Stop: just below the shared low.
- 4
Target: 2 times the stop, or the nearest swing high.
- 5
Example: on gold 15 minute two candles bottom at the same low after a fall, with an 8 point pattern range. The next candle closes above the high; you buy with a 9 point stop and aim 18 points higher.
A close below the pattern's low, the level that held twice.
Where it works best
At a floor that already mattered, such as the previous day's low or a pivot, after a clear fall.
WickSpeak finds the tweezer bottom automatically on any chart and names it on the candles that made it. Next to the name it writes what the pattern is, how to trade it and what proves it wrong, so you never have to guess the rule. In Playbook you can use the tweezer bottom, or any of the 146 patterns, as a condition alongside up to 12 conditions on any of 12 timeframes, then backtest it on past candles with your costs.
Common mistakes
- Accepting lows that are not really equal.
- Buying before the confirming close.
- Putting the stop exactly on the shared low, where it gets hit by a small poke.
Related patterns
Questions traders ask
Is a tweezer bottom bullish?
Yes, after a fall it hints the level is holding. It needs a close above the pattern's high to trade.
Do the lows have to be exactly equal?
Close enough is fine. On gold that might mean within a point or so, on US30 a few points.
How is a tweezer bottom different from a double bottom?
A tweezer bottom is two candles in a row. A double bottom is a chart pattern with two lows separated by a rally.
What cancels a tweezer bottom?
A close below the shared low.