Matching Low
The matching low candlestick pattern is a reversal pattern, is bullish in nature, and is similar to the homing pigeon candlestick pattern except that the two days of this pattern close with equal closes in a downtrend.
Matching Low Definition
The matching low candlestick pattern is a bullish reversal signal. It is comprised of two red candlesticks that arise after a clear downtrend is in place.
Matching Low
Discussion
The matching low candlestick has potential, as the introduction described. The candle is supposed to be a bullish reversal, but instead acts as a bearish continuation 61% of the time.
Bullish Matching Low
The bullish matching low (niten zoko / kenuki) candlestick pattern (view full size chart) is one of the double candlestick patterns (i.e. it consists of two individual candlesticks), and it is a bullish pattern.
Bullish Matching Low Pattern occurs when two black days appear with equal closes in a downtrend. The pattern is suggestive of a short-term support, and it may cause a reversal on the next day of trading.
Recognition Criteria: ...
Bullish Matching Low
Weekly Charts: 19 found in last 10 weeks. Click here to see them.
This pattern signals a trend...
MATCHING LOW
Description
The Matching Low pattern is similar to the Homing Pigeon patter, the exception being that the two days of the pattern close on their lows, at the same level.
Matching Low Bullish
Pattern: Reversal
Trend: Bullish
Reliability: Moderate ...
Bullish Matching Low
The Matching low is a reversal pattern that consists of two different candlesticks.
Matching Low
Pattern: reversal
Reliability: high
Identification
A long black day is followed by another black day with equivalent closes both days.
A LEDGE CONSISTS OF A MINIMUM OF FOUR PRICE BARS. IT MUST HAVE TWO MATCHING LOWS AND TWO MATCHING HIGHS. THE MATCHING HIGHS MUST BE SEPARATED BY AT LEAST ONE PRICE BAR, AND THE MATCHING LOWS MUST BE SEPARATED BY AT LEAST ONE PRICE BAR. ...
A ledge is the smallest of a number of consolidation formations: it never consists of more than 10 or less than 4 price bars. It is denoted by containing two matching or nearly matching highs and two matching or nearly matching lows.
The E-book explains more fully how to deal with Ledges. Ledges are consolidation areas consisting of no less than four occurrences of price value and no more than ten occurrences of price value, having two matching highs and two matching lows.
Bullish Three Inside Up, Bullish Three Outside Up, Bearish Three Outside Down, Bullish Kicking, Unique Three Rivers Bottom, Three Stars in the South, Concealing Baby Swallow, Bullish Stick Sandwich, Homing Pidgeon, Ladder Bottom, Matching Low, ...
 See also: Pattern, Low, Trend, Patterns, Chart
  
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