Matching Low β Bullish Support Confirmation π
π The Matching Low pattern shows strong support and potential reversal after a downtrend.
β
Formation (2 candles):
1οΈβ£ Long red candle.
2οΈβ£ Another red candle with the same closing price as the first.
β
Meaning: Support level holds β buyers may step in β bullish reversal possible.
π Example: Stock falls βΉ410 β βΉ380, then prints another red closing exactly at βΉ380 β Matching Low β strong support zone created.
π§ Tip: Confirmation with green candle next session increases accuracy.
INFY
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