Candlestick Patterns
Resources for Advanced Trading

Candlestick Tweezers Tops Pattern
Bullish Reversal - Buy Signal
(if lows are not broken)

Candlestick Patterns

The Tweezers pattern is the only candlestick pattern that is based on the highs or lows and not the body of the candles or the shape of the candles. The Tweezers Bottoms pattern occurs when two candles form with the exact same low price. These two candles can be side-by-side, or separated by a few other candles.

The Tweezers Bottoms pattern identifies a support level at the low prices. When the Tweezers Bottoms pattern confirms with a white candle that closes higher, a higher high and a higher low, the Tweezers Bottoms pattern will generate a buyl signal.

Investors should also notice that Tweezers patterns are VERY common in thinly traded markets and can also be found within congestion bands. Investors should ignore the Tweezers patterns within a thinly traded market and should pay close attention to Tweezers patterns within a congestion band. Tweezers patterns within a congestion band can be used to determine where and when previous support and resistance levels identified by the Tweezers patterns has been broken. Once these support and resistance levels have been broken, investors should watch for the market to continue higher or lower from these levels.

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