• On Neck

  • Type: Continuation
  • Relevance: Bearish
  • Prior Trend: Bearish
  • Reliability: Medium
  • # of Sticks: 2

Definition:

Very close to the In Neck pattern, the On Neck is where the up candle closes near the low of the previous candle but not above.  A breach of the up candle's low resumes the downtrend.