This article has been translated from English to Gen Z Slang.

Alright, fam, the On Neck pattern's all about two candles where the first one is tall and red, like it's been ghosted, while the next is a short lil' green candle that's like all shy n' whatever. It opens with a gap down but then closes at the squad’s usual hangout from last time. 🤙

It's dubbed "On Neck" 'cause when both candle closings are practically twinning, it creates a horizontal line, looking like a neat "neckline". 😎

So yeah, both these candles straight up closed “on the neck”.

On Neck Pattern

The On Neck pattern’s basically a sign that the trend's like, "Yo, imma keep going, no cap."

To peep the On Neck pattern, here’s what you gotta spot: 👀

  • The market's gotta be in its feels and trending downward.
  • First up: a tall, dark (bearish) candle appears like an unfriended notification.
  • Then, a smaller white (bullish) candle pops up next to it like "heyy", following the dark candle's vibe.
  • The white candle should low-key stick to the prior candle’s low, not rising higher in the ranks.
  • To confirm you got the real deal On Neck pattern, look for another black candle on day three, like a triplet, still taking the 'down' elevator. If the body's long, it's flexin' super strength, especially if there's a gap between days two and three.

What's the vibe

The bears are like totally in charge of the party, keeping everyone in check with the On Neck pattern. 🐻

First candle’s all bearish, sticking to the downward mood, and even though the next candle tries to be all positive and bright, it still opens and closes lower than its mate.

This move screams "downtrend gonna keep happening," so yeah, you should def stay on that wave. 🤙