In Neck

The Psychology
The In Neck pattern is a less severe relative of the On Neck pattern because it rallies further intraday. A gap down is seen as a buying and short covering opportunity, but failure to rally the stock up into the previous day's range indicates the buying most likely will be brief and the downtrend shall resume.

A long black day is followed by a long white day that gaps down at the open and closes at the same price as the black day.

Pattern: continuation
Reliability: moderate