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Advance Block

 

Description

 

This bearish or bullish reversal pattern is considered reliable.

 

Bearish block:

During an uptrend, the formation consists of three white candlestick days. The first day the candlestick is long. The second and third day the white candles open within the body of the previous candle. They have smaller and smaller bodies, which signifies a weakening trend.

 

Bullish block: During a downtrend, the formation consists of three black candlesticks. The first day the candlestick is long. But the second and third days the black candlesticks become smaller and smaller, opening within the body of the previous candle. This signifies a strengthening trend.

 

Market Opinion

 

Bearish advance block: bearish.

 

Bullish advance block: bullish

 

Pattern

 

Bearish pattern

 

Description: Description: C:\avasaramworkspace\avasaramWeb\web\tutorials\candlesticks\Advance Block_files\image001.jpg 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bullish pattern

 

This would be the opposite formation from the bearish advance block patern.

 

 

 
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