The On Neck candlestick pattern is a two candle bearish continuation pattern that appears most often in down trends.
The first candle is a large full bodied bearish candle.
The second candle is a smaller bullish candle that opens below the body of the first candle and rises up to close at or near the low of the first candle.
Bulkowski’s testing shows that the On Neck candle pattern has a 56% accuracy of being a bearish continuation pattern, which, in his perspective is too close to random to be considered a consistently accurate candlestick pattern.
The plus side is that price breakouts tend to be strong going in either direction, bear or bulls.
The opposite of the On Neck pattern is the In Neck candlestick pattern.