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Bullish Matching Low

Daily Charts:   49 found in last 10 days.   Updated Thu May 15 18:16:27 2008 CST . Click here to see them.

Weekly Charts:   15 found in last 10 weeks. Click here to see them.

Bullish Matching Low

This pattern signals a trend...
How to identify...
Similar pattern(s)...
Reversal
  1. 1st day is a long black day.
  2. 2nd day is a black day with a close equal to the 1st day.

Psychology...

Getting two days with equal closes should alert the shorts that an important support level may have been found in last 10 weeks. 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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