Matching Low
Bullish Reversal
Interpretation
That the second candle couldn't force the price lower indicates the existence of a support level retarding future declines. A hollow candle the next period confirms the downtrend reversal.

If the second candle is engulfed by the first candle this may be the Homing Pigeon, a bullish reversal pattern.

Similar or Inverse Patterns
Homing Pigeon Bullish Reversal
Matching High Bearish Reversal

Recognition Guidance
Starts with a downtrend, the first candle is long and filled. The second candle is also filled and closes at or near the first candle's close.

Find Another Pattern
Home Page

CandleStick Companion
© Copyright 2008
Positive Territory, Inc.
All Rights Reserved.
Suggestions and feedback welcomed at Candles@PositiveTerritory.com