Bearish On Neck Candlestick Chart Pattern

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Bearish On Neck

Daily Charts: 5 found in last 10 days. Updated Wed Jul 28 18:16:42 2010 CST . Click here to see them.

Weekly Charts: 1 found in last 10 weeks. Click here to see them.

Bearish On Neck

This pattern signals a trend...	How to identify...	Similar pattern(s)...
Continuation	1st day is a long black day. 2nd day is a white day which opens below and closes at the low of the 1st day.	Bullish Piercing Line Bearish In Neck Bearish Thrusting

Psychology...

The 2nd day is unable to close above the 1st day's low. This should bring some discomfort to the longs that entered on the 2nd day. The downtrend should continue shortly.