In Neck (2024)

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Japanese name: irikubi
Forecast: bearish continuation
Trend prior to the pattern: downtrend
Opposite pattern: none

Construction:

• First candle
  • a candle in a downtrend
  • black body
  • appears on as a long line
• Second candle
  • white body
  • the opening price below the previous closing price
  • the closing price is slightly above the previous closing price (up to 15% of the first line body)

The In Neck pattern is a two-line bearish continuation pattern what implies that the pattern appears in a downtrend. The first line is a black candle appearing in a downtrend. The second line is a white candle, and the lower and upper shadow length cannot exceed more than twice the body length. Additionally the second candle's closing price needs to be slightly above the previous closing price (up to 15% of the first line body).

The pattern should be confirmed by a following candle closing below the second's line closing price.

The In Neck pattern rarely occurs on the candlestick charts.

In Neckstatistics

Below you can find some In Neck pattern statistics calculated by CandleScanner software. To see more detailed statistics, for other markets and periodicity try our CandleScanner software. Prices start at only $10, and you can see more detailed statistics, for other markets and periodicity. Click here to find out more!