What it looks like
Two down candles in a fall, the second closing at the same price as the first (within a point or so on gold). The second often has a smaller body. Unlike a tweezer bottom, it is the closes that match, not the lows.
What it means
Sellers pushed again but could not close any lower than last time. Sellers had been in control and have hesitated here. It is one of the gentler signals: a hint the fall is tiring and no more than that.
How to trade it
- 1
Do not trade it on its own.
- 2
Confirm: wait for a candle that closes above the pattern's high.
- 3
Enter: buy on that close, stop just below the pattern's low.
- 4
Target: 2 times the stop, or the nearest swing high.
- 5
Example: on gold 15 minute two down candles close at the same price after a fall, with a 10 point pattern range. A later candle closes above the high; you buy with an 11 point stop and aim 22 points higher.
A close below the pattern's low.
Where it works best
At a floor that already mattered after a clear fall.
WickSpeak finds the matching low automatically on any chart and names it on the candles that made it. Next to the name it writes what the pattern is, how to trade it and what proves it wrong, so you never have to guess the rule. In Playbook you can use the matching low, or any of the 146 patterns, as a condition alongside up to 12 conditions on any of 12 timeframes, then backtest it on past candles with your costs.
Common mistakes
- Buying straight away while the candles are still red.
- Mixing it up with a tweezer bottom, which matches lows.
- Ignoring a strong trend that is likely to break the floor.
Related patterns
Questions traders ask
Is a matching low bullish?
Mildly. It shows sellers could not close lower, but it needs a close above the pattern's high before trading.
How is it different from a tweezer bottom?
A matching low has two down candles with the same close. A tweezer bottom is a down candle then an up candle with the same low.
How exact do the closes need to be?
Very close. On gold within about a point, on US30 within a few points.
What cancels a matching low?
A close below the pattern's low.