OnNeck

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).