Tweezer Bottom - Bullish Candlestick Formation
Tweezer Bottom Definition
A tweezer (kenuki) bottom occurs when the lows of two or more candlesticks are equal in a series of candlesticks. The lows of these days can also coincide with the open or close. These lows will later become support. The tweezer bottom has a higher odds of success if it occurs in the context of a larger bull market. The term tweezer sounds small, but it is not the size of the candlestick, but the fact the candlesticks have the same lows.