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Bearish On Neck


This pattern signals a potential trend...

Continuation


How to identify...
  1. 1st day is a long red day.

  2. 2nd day is a white day which opens below and closes at the low of the 1st day.
Similar pattern(s)...

» 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.



Recent Scan Results...
DailyWeekly
Last Day: 1 Last Week: 0
Last 10 Days: 11 Last 10 Weeks: 5




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