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On Neck Bearish


Pattern: Continuation
Trend: Bearish
Reliability: Moderate

How to Identify it

  • The first day is a long black day
  • The second is a white day (not long) that opens below the low of the previous day and closes at the low of the previous day

What it Means

The On Neck pattern is typical in a downtrend. The fact that a small rally is built by the second day, but ends at the low of the previous black day indicates that the bears should prevail.




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