A bullish reversal candlestick pattern consisting of two consecutive candles at the bottom of a downtrend that share approximately the same low price. The first candle is typically bearish and the second is bullish, suggesting that sellers drove the price down to a specific level but buyers stepped in to defend it. The pattern indicates that a support level has been tested and held, increasing the probability of an upward reversal.
Example
“A tweezer bottom formed on the daily chart with both candles touching the $142 level, and the subsequent bullish candle confirmed the reversal with a 3% rally.”