On Neck is a bearish continuation candlestick pattern consisting of two candles.

How to Identify:

• The first candle is long and bearish and continues the downtrend;
• The second candle is bullish and opens at a new Low price;
• The second candle’s Close price is equal to the Low price of the first candle.

  We use our proprietary data-mining algorithm to capture specific price movement and pattern performance.
  Under certain circumstances, a Bearish pattern can also perform as a Bullish pattern, and a reversal pattern can be changed into a continuation pattern.

  If you want to find out the performance of this pattern in real market, not in theory, our data mining results are your must have reference.

• OnNeck Pattern data mining result (2014 Daily, bearish reversal)

• OnNeck Pattern data mining result (2014 Daily, bullish continuation)

• OnNeck Pattern data mining result (2014 weekly, bearish reversal)

• OnNeck Pattern data mining result (2014 weekly, bullish continuation)

    The following pictures are taken from our Candlestick Pattern Indicator (Thinorswim version).