When is the Tweezer Bottom confirmed?

After a decline, a red candle and then a green candle make the same low (within 0.1 ATR); a candle CLOSES above the pair's high within 3 candles.

When is the Tweezer Bottom invalid?

Price trades below the pair's low before that close.

BullishReversalBeginner

Two candles, the same low: sellers tried twice and hit the same floor.

Verdict: CautionBitcoin 4H: 52 trades, won 46%, avg trade +0.4% vs random day +0.2%. Backtest

Downtrend

Tweezer Bottom: textbook shape, step by step

Price is falling, and sellers are pressing.

step 1/7

Direction	Long (buy)
Entry	After a decline, a red candle and then a green candle make the same low (within 0.1 ATR); a candle CLOSES above the pair's high within 3 candles.
Cancelled if	Price trades below the pair's low before that close.
Target	2x the pair, projected from the breakout

3 common mistakes

Buying as soon as the second candle touches the low, before it even turns green.
Putting the stop exactly on the shared low, where everyone else's stop is.
Taking matching lows in a sideways range, where there is no decline to reverse.

same rules every time · equal size · no fees · method

Market	Trades	Won	Avg trade	Random day
Bitcoin · 4H · 2017-2026	52	46%	+0.40%	+0.23%
US large caps (50) · 1D · 2016-2026	392	56%	+0.53%	+0.53%

Verdict: CautionBeat a random entry in some markets, not in others.

pattern +21%random +12%

Bitcoin 4H: pattern +21% vs random day +12% over 52 trades

pattern +207%random +206%

US large caps (50) 1D: pattern +207% vs random day +206% over 392 trades

Breakout Nov 27, 2023, exit Nov 28, 2023 (target)+2.12%

Same lowPair highDowntrend38,414 · Nov 24, 2023Tweezer bottom36,707 · Nov 27, 2023Confirmed

Bitcoin 4H, real candles from Nov 24, 2023

Breakout May 18, 2020, exit May 27, 2020 (target)+15.87%

Same lowPair highDowntrend40.77 · Mar 31, 2020Tweezer bottom27.31 · May 14, 2020Confirmed

GE 1D, real candles from Mar 31, 2020

trapBreakout Jan 17, 2019, exit Jan 24, 2019 (stop)−3.54%

Same lowPair highDowntrend76.52 · Dec 4, 2018Tweezer bottom69.75 · Jan 15, 2019Confirmed

Merck 1D, real candles from Dec 4, 2018