On-Neck Pattern

The On-Neck is a bearish two-line continuation pattern.

The first line is a candle with a black body, which appears as a long line.

The second line is a candle with a white body, but the length of its upper and lower shadows cannot exceed more than twice the length of the body. The closing price of the second candle is at the level of the low price of the first candle.

The pattern appears in a downtrend and predicts its continuation. It should be confirmed on the following candles by a candle that closes below the opening price of the second line.