Matching Low

The Matching Low is one of the less frequent patterns on the charts. Having two candles without lower shadows in a row, which close at the same price, is an unusually rare situation.

The first line of the pattern appears as a long line in a downtrend. The second line opens below the line of the previous candle. As already mentioned, both candles close at the same level.

The pattern is a bullish reversal and appears in a downtrend. It should be confirmed by the following candles. Its first line acts as a resistance area.