On-Neck
Pattern
Description
This
bearish continuation pattern is considered moderately reliable.
In
a downtrend, a black candlestick is followed the next day by a small white candlestick
with a closing near the low of the black candlestick. (If the low of the white
is broken down, the market will drop further). The downtrend should be
confirmed and may continue for a short while, especially if volume is high on
the second day.
Market Opinion
Bearish.
Pattern
