Candlestick Patterns | Bullish Matching Low

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Bullish Matching Low

This is a five candlestick pattern that starts with three strong black candlesticks. The downtrend continues with the fourth lower close.
The next day gaps higher and closes much higher than the previous day or two. This may imply a bullish reversal.

How to identify

  1. 1st day is a long red day.
  2. 2nd day is a red day with a close equal to the 1st day.

Psychology

Prev 1 of 34 Next
Prev 1 of 34 Next

Getting two days with equal closes should alert the shorts that an important support level may have been found.
Higher prices may be ahead in the days to come. A higher close the next day would serve as confirmation of the reversal.

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