Advance Block - Tutorial

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.