Bullish On-Neck Line Candlestick Formation
Description
A Bullish On-Neck Line candlestick formation is a 2 candlestick continuation pattern that occurs during an uptrend. The first candle is a long bodied green candle going in the direction of the uptrend. The second candle is a small bodied red candle which gaps up on the open, opening above the close of the previous candle, and sometimes even above the high of the previous candle, and which then comes back down and closes at or above the close of the previous candle, but not below.