In Neck Bearish
Pattern:
Continuation
Trend: Bearish
Reliability: Moderate
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How to
Identify it
- The first day is a
long black day
- The second is a white
day that opens below the low of the previous day and
closes barely above or equal to the close of the
previous day
What it
Means
The In Neck pattern is a
less severe relative of the On Neck pattern. A small rally
is built by the second day, but ends near the close of the
previous black day. Although, as in the case of the On Neck
pattern, the downtrend should prevail, it may take longer to
evolve.
