Candlestick Patterns

Matching Low

The Matching Low is a bullish reversal pattern represented by two candles. During a downtrend, the first candle is a long decreasing candle. The second one also decreases, has a smaller body and closes at the same level as the previous candle, therefore, generating a resistance. Due to the second candle’s body is smaller and cannot break the low of the previous candle, the price generates a resistance and it loses bearish momentum. This tells us that the downtrend might be over and the trend could reverse. Therefore, this pattern would signal a buy in the underlying cryptocurrency.

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