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In Neck Bearish
Trend: Bearish
Reliability: Moderate
How to Identify it
- The first day is a long black day
- The second is a white day that opens below the low of the previous day and closes barely above or equal to the close of the previous day
What it Means
The In Neck pattern is a less severe relative of the On Neck pattern. A small rally is built by the second day, but ends near the close of the previous black day. Although, as in the case of the On Neck pattern, the downtrend should prevail, it may take longer to evolve.
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