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.

Tweezer Bottom Candlestick Formation

Tweezer Bottom

Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...
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