On Neck is a bearish trend continuation candlestick pattern consisting of two candles.
The On Neck candlestick pattern is recognized if:
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.
||The number of candles used to calculate the average body height. If the body height of a candle exceeds this average, it is considered long.|
||The number of preceding candles to check if the trend exists.|
||The On Neck candlestick pattern.|