Search This Site
Translation Web Sites TC2005 Candlestick Charts Patterns for Electronic and SIGN UP FOR Japanese Marketing
|
How to identify
The In Neck bear pattern is a less severe continuation of a downtrend compared to its relative the On Neck bear pattern. A small rally is built by the second day white candle, but ends near the close of the previous black day. Although, as in the case of the On Neck bear pattern, the downtrend should prevail, it may take longer to evolve. The In Neck Bear pattern is an undeveloped version of the Piercing Line bull whereas this pattern has a much lower close. The second days white body closes near the close of the previous black day, at the lower part of the body. The actual definition requires that it close just inside the previous day's body, which is slightly above the close. It is a higher close than the than the On Neck bear pattern, but not much. If the first day's close is also at its low (Closing Marubozu), the In Neck and On Neck Lines are most probably the same. This pattern is almost identical to the On Neck bear pattern, except that the downtrend may not continue quite as abruptly because of the somewhat higher close. BUY "In Neck Bear" Candlestick Chart Indicator add to cart Back to Glossary of BULL and BEAR Candlestick Chart Indicators. For an additional education on Japanese Candlestick Charting techniques, visit our Investment Bookstore and also check out the special pricing section called Fire Sale Books for great deals at the largest collection of Investment Books on the Internet. Click here if you'd like to be advised when the site is updated or refer this web site Home / Company Information / Promotions / TC2005 Candlestick Charts / Gift Certificate / Discount Book Store / Contests / Affiliate Programs / Internet Marketing Resources / Food for Thought ezine / Marketing Food for Thought ezine / Stock Market Info / Art / Telecom Services / Electronic Products / Favorite Links / Free Screensaver / Free Software / Email Updates / Refer This Site / Contact Us / By viewing this web site, you the visitor, agree to our
Disclaimer. |