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Matching Low

 

Description

 

This bullish reversal pattern is considered highly reliable.

 

In a downtrend, a long black candlestick day is followed by a small black candlestick day, both having identical closes.

 

The first black day with bears in control is followed by a gap up that sells off to close the same as the previous day (matching lows). Confirmation would be if the third day there was strength on good volume.

 

Market Opinion

 

Bullish.

 

Pattern

 

Description: Description: C:\avasaramworkspace\avasaramWeb\web\tutorials\candlesticks\Matching Lows_files\image001.jpg 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 
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