Matching Low candlestick pattern: Complete Guide

Candlestick patterns

Matching Low
  • The matching low candlestick pattern is a 2-bar bullish reversal pattern.
  • It occurs during a downtrend.
  • As his name suggests, both lows from the 2 candles are equal.

Statistics to prove if the Matching Low pattern really works

Are the odds of the Matching Low pattern in your favor?


How does the Matching Low behave with a 2:1 target R/R ratio?

Success rate

From our research the Matching Low pattern confirms 43.5% of the time on average overall all the 4120 markets we analysed. Historically, this patterns confirmed within 3.7 candles or got invalidated within 3.1 candles. If confirmed, it reached the 2:1 R/R target 42% of the time and it retested it's entry price level 88% of the time.
Not accounting for fees, it has an expected outcome of 0.261 $/$. It means for every $100 you risk on a trade with the Matching Low pattern you make $26.1 on average.
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How to handle risk with the Matching Low pattern?


We analysed 4120 markets for the last 59 years and we found 114 630 occurrences of the Matching Low pattern.
On average markets printed 1 Matching Low pattern every 136 candles.

For 2:1 R/R trades, the longest winning streak observed was 33 and the longest losing streak was 83. A trading strategy relying solely on this pattern is not advised. Anyway, make sure to use proper risk management.

Stack the odds in my favor NOW!

Keep in mind all these informations are for educational purposes only and are NOT financial advice.

If you want to learn more and deep dive into candlestick patterns performance statistics, I strongly recommend you follow the best available course about it. Joe Marwood (who's a famous trader with more than 45 000 Twitter followers) created an online course called "Candlestick Analysis For Professional Traders" in his Marwood Research University. There he will take you through the extensive backtesting of the 26 main candlestick patterns. He then summarizes which one is THE best pattern. Do you know which one it is?
Remember, don't trade if you don't know your stats. Click here to signup to the course now!
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What is the matching low candlestick pattern?

The matching low candlestick pattern is a bullish reversal pattern that occurs during a downtrend. It has two candlesticks. During a downtrend, the first candle of the first day is a long black candle. The second candle of the second day is a small black candle. Both of these candlesticks have identical closes that indicate short-term support is on the horizon and a trend reversal in the market is highly likely on the following candlestick. The matching low pattern is highly rated among the technical analysts. 

How to identify the matching low candlestick pattern? 

The matching low candlestick pattern is a two-bar pattern appearing during two trading sessions. It has the following characteristics. 

  • The current trend in the market must be a downtrend as the matching low pattern is a bullish reversal pattern. 
  • A long black candlestick must appear on the first day.
  • The second candle follows the first one on the second day with opening higher than the close of the previous day.
  • The second candlestick must also have a closing price equal or extremely close to the opening price of the first day.
  • Both of the candles must be without lower shadows or wicks.

What does the pattern tell traders? 

The matching low candlestick pattern is an effective bearish reversal pattern that conveys multiple pieces of information to the traders. The appearance of the first long black candle suggests that the already strong downtrend is likely to continue. At this stage, traders can clearly see that bulls are successful at opening the price higher than the previous day’s closing price. This raises concerns for the short-seekers who start to cover immediately.

However, the bears have still a strong hold on the market and are able to close the price at the low of the day. Yet, this closing price is similar or extremely close to the closing price of the previous day. The appearance of the second small candle suggests that bears are losing control over the market. It’s visible because they could not close below the close of the previous day. This situation indicates that this is a support level for a bullish reversal. Bulls are likely to capitalize on the support level and may attempt a rally to create a new uptrend. 

Moreover, this support level is important because traders may look for a rebound in prices after the appearance of the matching low pattern using close of the previous day as a support level. They may also look for a stop-loss point for this position. For example, after the confirmation, they can initiate a move by placing a stop-loss below the low of the first and second candles. The confirmation is provided by a third candle moving above the high of the first or second candle. Technical analysts and experts suggest waiting for the confirmation before initiating a trade to reduce the risk. If the prices move higher after the appearance of the matching low pattern, it is a confirmation and traders should look to enter a long position. 

How does the Matching Low pattern look in real life?

The cryptocurrency pair XRP/BNB printed a bullish Matching Low on 2018-08-18 13:00:00. It confirmed on 2018-08-19 09:00:00 (meaning price closed above entry level). It retested the trade entry level on 2018-08-20 22:00:00. Then it failed to reach the 2:1 R/R target and got stopped on 2018-08-24 15:00:00.
The cryptocurrency pair XRP/BNB printed a bullish Matching Low on 2018-08-18 13:00:00. It confirmed on 2018-08-19 09:00:00 (meaning price closed above entry level). It retested the trade entry level on 2018-08-20 22:00:00. Then it failed to reach the 2:1 R/R target and got stopped on 2018-08-24 15:00:00.
The cryptocurrency pair BAT/BTC printed a bullish Matching Low on 2019-02-14 22:00:00. It confirmed on 2019-02-17 10:00:00 (meaning price closed above entry level). It retested the trade entry level on 2019-02-17 11:00:00. Then it failed to reach the 2:1 R/R target and got stopped on 2019-02-22 07:00:00.
The cryptocurrency pair BAT/BTC printed a bullish Matching Low on 2019-02-14 22:00:00. It confirmed on 2019-02-17 10:00:00 (meaning price closed above entry level). It retested the trade entry level on 2019-02-17 11:00:00. Then it failed to reach the 2:1 R/R target and got stopped on 2019-02-22 07:00:00.
The cryptocurrency pair VET/BTC printed a bullish Matching Low on 2020-03-01 15:00:00. It confirmed on 2020-03-02 12:00:00 (meaning price closed above entry level). It retested the trade entry level on 2020-03-02 13:00:00. Then it failed to reach the 2:1 R/R target and got stopped on 2020-03-08 13:00:00.
The cryptocurrency pair VET/BTC printed a bullish Matching Low on 2020-03-01 15:00:00. It confirmed on 2020-03-02 12:00:00 (meaning price closed above entry level). It retested the trade entry level on 2020-03-02 13:00:00. Then it failed to reach the 2:1 R/R target and got stopped on 2020-03-08 13:00:00.
The stock APA printed a bullish Matching Low on 1986-04-04. It confirmed on 1986-05-08 (meaning price closed above entry level). It retested the trade entry level on 1986-05-09. Then it failed to reach the 2:1 R/R target and got stopped on 1986-06-20.
The stock APA printed a bullish Matching Low on 1986-04-04. It confirmed on 1986-05-08 (meaning price closed above entry level). It retested the trade entry level on 1986-05-09. Then it failed to reach the 2:1 R/R target and got stopped on 1986-06-20.
The stock WBA printed a bullish Matching Low on 2017-06-29. It confirmed on 2017-07-20 (meaning price closed above entry level). It retested the trade entry level on 2017-07-21. Then it failed to reach the 2:1 R/R target and got stopped on 2017-10-03.
The stock WBA printed a bullish Matching Low on 2017-06-29. It confirmed on 2017-07-20 (meaning price closed above entry level). It retested the trade entry level on 2017-07-21. Then it failed to reach the 2:1 R/R target and got stopped on 2017-10-03.
The cryptocurrency pair POWR/BTC printed a bullish Matching Low on 2019-01-13 16:00:00. It confirmed on 2019-01-14 13:00:00 (meaning price closed above entry level). It retested the trade entry level on 2019-05-03 07:00:00. Then it successfully reached the 2:1 R/R target.
The cryptocurrency pair POWR/BTC printed a bullish Matching Low on 2019-01-13 16:00:00. It confirmed on 2019-01-14 13:00:00 (meaning price closed above entry level). It retested the trade entry level on 2019-05-03 07:00:00. Then it successfully reached the 2:1 R/R target.
The etf IEMG printed a bullish Matching Low on 2019-09-23 16:30:00. Unfortunately it invalidated on 2019-09-24 13:30:00 before the trade could trigger (it triggered the stop before entering).
The etf IEMG printed a bullish Matching Low on 2019-09-23 16:30:00. Unfortunately it invalidated on 2019-09-24 13:30:00 before the trade could trigger (it triggered the stop before entering).
The stock HFC printed a bullish Matching Low on 2018-11-20 18:30:00. Unfortunately it invalidated on 2018-11-21 15:30:00 before the trade could trigger (it triggered the stop before entering).
The stock HFC printed a bullish Matching Low on 2018-11-20 18:30:00. Unfortunately it invalidated on 2018-11-21 15:30:00 before the trade could trigger (it triggered the stop before entering).
The stock KMX printed a bullish Matching Low on 2019-06-04 16:30:00. Unfortunately it invalidated on 2019-06-05 13:30:00 before the trade could trigger (it triggered the stop before entering).
The stock KMX printed a bullish Matching Low on 2019-06-04 16:30:00. Unfortunately it invalidated on 2019-06-05 13:30:00 before the trade could trigger (it triggered the stop before entering).
The stock WST printed a bullish Matching Low on 2019-07-17 16:30:00. Unfortunately it invalidated on 2019-07-18 13:30:00 before the trade could trigger (it triggered the stop before entering).
The stock WST printed a bullish Matching Low on 2019-07-17 16:30:00. Unfortunately it invalidated on 2019-07-18 13:30:00 before the trade could trigger (it triggered the stop before entering).

Looking to learn more about this pattern?
You should take a look at Joe Marwood's online course. In his course, he backtested the 26 main candlestick patterns before to summarize which one is THE best pattern. I really liked his course and you shouldn't miss it!
Click here to signup to his "Candlestick Analysis For Professional Traders" course now!
PS: Save 20% with the SAVE20 code.

Do you want the best course about candlestick patterns?

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