Two or more adjacent candles with almost identical lows after a decline, showing buyers defending the same price twice.
Matching lows across consecutive candles, usually a red candle followed by a green one that holds the same low. It marks a precise demand level.
As with a tweezer-top, the appeal is the tight stop it offers. The danger is identical: equal lows are a magnet for stop orders, and a quick spike beneath them that immediately reverses, a failed-breakdown, is often the more profitable version of the same idea.
Confirmation helps. A tweezer bottom followed by a close above both candles' highs, on rising volume, is a far better entry than buying the second candle as it forms.
Original diagrams for the ideas on this page. Illustrative, not real market data.
The parts of a candlestick. One candle sums up a slice of time: the thick real body runs from the opening price to the closing price, and the thin wicks reach out to the highest and lowest prices traded. Colour tells you which way the body ran.
Educational only, not advice. Spotted an error? Post in Site Feedback.