Granthara04.03.08Tweezer tops and bottoms

Every price in Part 04 comes from an unnamed vegetable market and is a teaching example. Nothing here is a quote, a recommendation, or a record of any listed company.

04.03.08 · Tweezer tops and bottoms

PreviouslyA three-candle star blends into a single rejection candle.

The same price, twice.

Two days running, the bidding sank to ₹29 and stopped there. Not near ₹29 — at it, both times. Lakshmi's two boards have different bodies, different first bids and different last bids, and one number they hold exactly in common.

This is barely a candle pattern. It is the first time a single price, rather than a shape, is the thing worth noticing.

Updated

₹29
the price both sessions reached and neither went below
Part 04 · Reversal Patterns
  1. 04.03.01 Doji family: standard, long-legged, dragonfly, gravestone
  2. 04.03.02 Hammer and hanging man
  3. 04.03.03 Inverted hammer and shooting star
  4. 04.03.04 Bullish and bearish engulfing
  5. 04.03.05 Harami and harami cross
  6. 04.03.06 Piercing line and dark cloud cover
  7. 04.03.07 Morning star and evening star
  8. 04.03.08 Tweezer tops and bottoms
  9. 04.03.09 Doji stars and the abandoned baby
  10. 04.03.10 Three inside up and three inside down
  11. 04.03.11 Three outside up and three outside down
  12. 04.03.12 Tristar, two crows, and the upside-gap variant
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Learn

Two boards, one shared number

A tweezer bottom is two adjacent sessions with approximately the same low. A tweezer top is two with approximately the same high. That is the entire definition, and it is the shortest one in this chapter.

Notice what it does not mention. Not the bodies, not their sizes, not their colours, not which way either session closed. Every other pattern in chapter 04.03 is a statement about bodies; this one is a statement about one price appearing twice.

The word approximately is doing real work, and it is the same kind of work as the 50% line in 04.03.06. Granthara's rules engine treats two extremes as the same price when they are within a small fraction of the range. A different book draws that line somewhere else.

See it

Blend the two

The same drag as the last lesson. Two boards sharing a low, blended into the candle they add up to.

Blended: ₹30 · ₹30.40 · ₹29 · ₹30.30. Lower shadow 71% of the range, body 21%.

Learn

Why it blends into a hammer

The blend comes out as a hammer shape, and the reason is worth saying slowly because it explains what a tweezer actually is.

The blended low is ₹29 — because both sessions reached it. The blended close is ₹30.30, well above it. So the pair, taken as one period, went down to ₹29 and did not finish there, which is the definition of a long lower shadow.

A tweezer is therefore not a separate phenomenon from the rejection shape of 04.02.02. It is a rejection that took two sessions to write, in the same way a morning star was one that took three.

What is genuinely new is not the shape. It is the reason the shadow is long: the same price stopped the fall on two separate days.

A tweezer is a level tested twice, seen at two-candle scale. The shape is one you already know; the repetition is the new part.

Learn

Your first sight of a level

Everything in Part 04 so far has been about shapes — how bodies and shadows sit relative to one another inside or across sessions. A tweezer is the first thing in the Part that is really about a price.

₹29 is not a shape. It is a number that two different sessions arrived at and neither passed. That observation belongs to a different subject, and it has one: Part 06 is support and resistance, where a price that repeatedly stops a move is the whole topic, and Part 05 is the structure those prices sit inside.

Which is the honest way to hold this pattern. A tweezer is a two-candle glimpse of something much larger, and at two-candle scale it is very weak evidence indeed — two touches is the smallest number that can be called repeated. Granthara names the shape and sends the idea on to the Parts equipped for it.

The two boards, and their blend
First session
₹30 · ₹30.10 · ₹29 · ₹29.20
Second session
₹29.30 · ₹30.40 · ₹29 · ₹30.30
What they share
the low, exactly — ₹29
What they do not share
open, high, close, body, direction
Blended
₹30 · ₹30.40 · ₹29 · ₹30.30 — a hammer shape
1of the eight numbers the pattern is about
2touches — the smallest number that counts as repeated
Try it

Two adjacent sessions have lows of ₹29.00 and ₹28.97, in a market whose daily range is about ₹1.40. Is that a tweezer bottom?

Try it

What does a tweezer bottom actually record?

Two sessions reached about the same lowest price
Neither session finished at that price
Buyers defended ₹29
₹29 will stop the next fall too
The two sessions closed in different directions
A bottom is in place

Lakshmi, asked whether ₹29 is a floor"It stopped twice. I have watched prices stop at a number four times and go through on the fifth."

That completes the reversal patterns: containment forwards and backwards, a threshold somebody chose, three boards that blend into one, and a price that turned up twice. The next chapter takes the same blend and points it at runs of candles that carry on rather than turn.

Remember

A tweezer is two adjacent sessions sharing a high or a low — the first thing in Part 04 that is about a price rather than a shape — and it blends into the rejection candle you already know, because the pair reached a level twice and finished away from it.

Everything this chapter has told you, in order

  1. 04.03.01Open and close nearly meet; shadows and context complete the picture.
  2. 04.03.02One shape, two names: the trend that came before it supplies the name.
  3. 04.03.03Flip the shape and the rule is unchanged: the trend before it supplies the name.
  4. 04.03.04Engulfing is one body swallowing the one before it and closing the other way.
  5. 04.03.05Harami is engulfing in reverse: one relationship read in two directions.
  6. 04.03.06Partial engulfings, named at a threshold somebody chose rather than found.
  7. 04.03.07Multi-candle patterns are the same handful of shapes, seen across more boards.
  8. 04.03.08A tweezer is a level tested twice, seen at two-candle scale.
Next
04.03.09 — Doji stars and the abandoned baby

Next: a middle session that stands clear of both its neighbours.