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All Patterns Flashcard Game
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Bearish On Neck Candlestick Pattern
| This pattern signals a potential trend |
Continuation
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| How to identify |
- 1st day is a long red day.
- 2nd day is a white day which opens below and closes at the low of the 1st day.
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| Similar pattern(s) |
» Bullish Piercing Line
» Bearish In Neck
» Bearish Thrusting
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| 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.
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