it is formed at the support, to confirm for bullish move next day it should form bullish engulfing or peircing candle
Note
it has formed equal lows . open interest is slightly building upNote
Tweezers Bottom and should have the same low. In addition, the two candlesticks should have alternating colors with the first confirming the current trend and the second indicating weakness. The pattern is more reliable when the first candlestick is has a large real body while the second candlestick has a short real body. It is also more reliable when the Tweezers pattern is confirmed or makes another pattern, such as an engulfing or piercing pattern with identical highs or lows.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.