In a downtrend, a candle that gaps lower rallies back, but the rally is too weak to reach the midpoint of the prior bearish body. How far short it falls splits the pattern into three. A trio of weak bounces that signal a continued decline.
The On-Neck, In-Neck and Thrusting Lines are two-candle weak-bounce patterns that signal a continued decline. They are not three separate shapes but a trio, ranked by how far short the bounce falls.
In the middle of a downtrend, a long bearish candle appears. The next day, a bullish candle opens with a gap below it and rallies back. But that rally is weak. It can only push a little way into the prior bearish body.
How high the buy-back reaches splits them in three. On-Neck stalls around the prior low, In-Neck pushes just above the low, and Thrusting cuts deeper but never clears the midpoint (the halfway mark) of the prior body.
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This trio clicks into place once you see them as the misfired version of a Piercing Line. A Piercing Line is a bullish signal where the up candle clears the midpoint of the prior body and hints at reversal. The trio share the same setup, yet the buying runs out of strength before it reaches the midpoint. In the same spot, the fact that buyers could not cross that one line confirms the sellers' upper hand.
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