Tweezer Bottoms and Tops.

Let’s take a look at another candlestick pattern known as tweezer bottoms and tops.

Tweezer patterns are two candlestick reversal patterns.

This type of candlestick pattern is usually spotted after an extended uptrend or downtrend, indicating that a reversal will soon occur.

There are two types of Tweezer patterns: the Tweezer Bottom and the Tweezer Top.

Notice how the candlestick formation looks just like a pair of tweezers!

Characteristics

The most effective Tweezers have the following characteristics:

The first candlestick is the same as the overall trend. If the price is moving up, then the first candle should be bullish.

The second candlestick is opposite the overall trend. If the price is moving up, then the second candle should be bearish.

The shadows of the candlesticks should be of equal (or near-equal) length.

Tweezer Tops should have the same highs, while Tweezer Bottoms should have the same lows.

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