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In-Neck Pattern

 

Description

 

This bearish continuation signal is considered moderately reliable.

 

In a downtrend, there is a long black candlestick on the first day. The second day there is a white candlestick with an opening below the low of the first day and with a closing barely above or equal to the closing of the first day. The white candlestick is small. Confirmation is required a third day in the form of a black candlestick down.

 

Market Opinion

Bearish.

Pattern

Description: Description: C:\avasaramworkspace\avasaramWeb\web\tutorials\candlesticks\In-Neck Pattern_files\image001.jpg 

 

 

 

 

 

 

 

 

 

 
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