TB candlestick pattern

A "TB" candlestick pattern most commonly refers to a Tweezer Bottom candlestick pattern, or can be shorthand for patterns found in reference material like The Candlestick Trading Bible. [1, 2, 3]

Tweezer Bottom (TB) Pattern Breakdown

Definition: A bullish reversal pattern that forms at the end of a downtrend, signaling that sellers are losing steam and buyers are stepping in near a support level. [1, 2]
Formation:
1. First candle: A bearish (red/black) candle continuing the downward move.
2. Second candle: A bullish (green/white) candle that drops down to test the exact (or nearly identical) low of the first candle.
3. Confirmation: A third bullish candle or a close above the midpoint/high of the setup candles often confirms the reversal. [1, 2]
How Traders Use It:
• Entry: Frequently taken when the price breaks above the high of the formation candles.
• Stop Loss: Placed just below the shared low of the tweezer bottom.
• Context: It is strongest when it lines up with a major horizontal support zone, a trendline, or oversold readings on momentum indicators. [1, 2]

If you meant a different specific variation or are looking for a strategy guide on a particular timeframe, let me know which market (stocks, crypto, or forex) you are analyzing!