I'm glad that reader brought up tweezer bottoms because on a day like today they are everywhere. If you don't think they are potent I'm up a buck on PAAS already and here is another of my holdings GGB -
At one time or another in my life time I have used or tried probably every piece of technical analysis known. Not only have I tried most of it I have attempted to modify most of it to make it work better.
Now I'm settling in with things like - Return to 4, tweezer bottom and BOB and I'm doing better than ever. Needless to say they are not perfect but they do and should get your attention when you see them.
I still use indicators like RSI(2) < 5 to find stocks to watch but the best plays are sometimes keyed by the simplest methods.
And the candle to the left of the tweezer indicator is purple because the RSI(2) < 5 at that time.