Tweezer Bottom and Tweezer Top II Body and Axis
In candlestick analysis, there are tweezer bottom and tweezer top candlestick patterns. This pattern is a pattern that appears quite rarely. The word tweezer can mean clamp if translated into Indonesian. The tweezer top pattern or tweezer bottom pattern indicates that the first candle is in a strong move, while the second candle is the reverse candle that reverses the previous movement where there has been a short-term shift in momentum, and traders should be familiar with it.
Tweezer Bottom
Tweezer bottom is a bullish reversal pattern, namely the reversal of the price direction from the previous price decline, towards a bullish (up) or technical rebound. The first candlestick in the tweezers bottom pattern should be a bearish candlestick with a large real body followed by a bullish candlestick with a short real body. The two candles forming the tweezer bottom pattern must be at the same level. This pattern is more reliable can be seen in the context of a wider price chart (large timeframe) with the appearance of a tweezer bottom pattern at the lowest level (low), or near support or trend lines.
Bearish Tweezer Top
A bearish tweezer top occurs when the bullish move has formed the candle higher, and the close is close to the high (bullish sign). But on the second candle, it is a candle with a reversal pattern.
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