Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

This pattern indicates that prices reached the bottom despite touching a new low.

How to distinguish the pattern:

1. A long black candlestick appears on a chart.
2. The second candlestick is also black and the closing price of the second day is the same as on the first day.

Pattern development

The market trades with a bearish bias which is confirmed by a long black candlestick on the chart. The next day prices open at higher levels and move further upwards but at the end of the trading day prices close at the previous level. This is a typical confirmation of a short-term support which is a serious obstacle to bears who ignore this signal. Neglecting this pattern, they can miss the moment of a trend reversal.

At the same time, the psychological aspect that stands behind trading during the period of the pattern formation is not significant. The important thing is that two trading days should close at the same level.

Flexibility and transformation of the pattern

The body of every day of the pattern can be either long or short. It does not influence the meaning of the pattern.

The pattern is followed by a long black candlestick that is usually bearish. In this case it is necessary to wait for confirmation of this candlestick.

Relative patterns

The Matching Low pattern looks similar to the Homing Pigeon. However, the second candlestick cannot be defined as engulfing due to similar closing prices.

Matching Low

Descarca


Back to the list