Indicators and patterns
10/31/2024
Indicators and patterns
The "Matching Low" pattern in technical analysis is a bullish reversal pattern that consists of two candlesticks. In this pattern, the second candlestick's low is equal to the low of the previous candlestick, indicating a potential reversal of a downtrend.In this specific case, the "Matching Low" pattern has been identified on the USD/JPY currency pair's 15-minute chart. The pattern is considered bullish, suggesting a potential upward price movement. The signal generated by this pattern is a "Buy" signal.
The pattern was identified at a price of 152.59 on October 31, 2024, at 14:45 UTC. Traders and investors may interpret this pattern as a potential opportunity to enter a long position in USD/JPY, anticipating a bullish price movement based on the pattern's bullish implications.
This is not investment advice. Remember to verify the information provided here.
Get access to the full analysis
- Over 35 000 indexes
- CFD, Forex, Crypto and Stocks Exchange
- Over 150 Indicators
- Pattern and candle analysis
- Support and resistance levels
- Fundamental, technical and sentimental analysis
- Power from AI
