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Bullish Matching Low



This pattern signals a potential trend

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.
Similar pattern(s)

» Bullish Homing Pigeon

Psychology

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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Last 10 Days: 74 Last 10 Weeks: 23




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