About Scanner: Bullish On Neck Candlestick Scanner

What is Bullish On Neck Candlestick ?

First candle long red & second green, opens below the previous candle low with a close, must during a downtrend.

Key Points for Bullish On Neck:

• Downtrend a prevailing downward trend.
• First Candle Find a long bearish candlestick
• Second Candle a bullish candlestick that opens below the previous candle low with a close

Bullish On Neck Trading Strategies:

• Reversal Buy when the price breaks above the high of the bullish candle.
• Confirmation Look for volume increase or additional bullish confirmation.
• Support uses patterns forming near support for stronger signals.

Warning

The on neck pattern can look similar to other candlestick patterns, so you should validate it with other signals before trading.

Target

Short term - Target previous trend support/resistance levels.
Long term - Look at other aspects like volume spurt , recent support / Resistance levels and other technicals.

Stop Loss

Stop-loss Set below the low of the bearish candle.

TSR Bullish On Neck Scanner

• Set Alert as it happens
• Combine Bullish On Neck pattern with other Technicals/patterns with Fine Tune Filter Option
• Filter on Stock basket or your watchlist
• Back test to gain confidence on the Pattern.
• Filter on small ticks like 5 mins to Monthly tick
• Auto refresh

Fine Tune : You can customise these screeners by clicking on 'Fine Tune Filter' Option

Caution : All these screeners are crafted based on some historical scenarios which may / may notbe applicable here. We recommend to fine tune them according to current market conditions or seek expert advise before taking any decision.

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