In Neck
a.k.a. In-neck pattern
A two-candle pattern in a downtrend where a small up candle closes just at or slightly above the previous…
In plain English
A two-candle pattern in a downtrend where a small up candle closes just at or slightly above the previous down candle's close, hinting the fall will continue.
In the in neck pattern, a long down candle is followed by an up candle that opens lower but only claws back to around the first candle's close.
The weak bounce suggests buyers lack strength, so it is read as a bearish continuation. It is rare and best treated as minor evidence.
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