A matching Low candlestick pattern is a two-candlestick pattern that can indicate a potential bullish reversal in a downtrend. The pattern is called “Matching Low” because the low of the second candlestick matches the low of the first candlestick.
You can identify this pattern by:
- The first candlestick is a bearish (Red) candlestick with a long real body.
- The second candlestick is a bearish (Red) candlestick with a real body that matches the low of the first candlestick.
- The second day opens higher than the close of the previous day and closes at the same close as the prior day
Matching Low candlestick pattern example
Let’s see charts for this pattern
Traders often use this pattern in combination with other technical indicators to confirm their trading decisions.
Disclaimer: All comapny chart are used only for learing purpose. There is no buy and sell recommandtion. All Technical analyst are learing purpose only.