Bearish Advance Block Candlestick Chart Pattern

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Bearish Advance Block

Daily Charts: 18 found in last 10 days. Updated Thu Mar 11 18:16:04 2010 CST . Click here to see them.

Weekly Charts: 3 found in last 10 weeks. Click here to see them.

Bearish Advance Block

This pattern signals a trend...	How to identify...	Similar pattern(s)...
Reversal	Three consecutive white days with higher closes each day. Each day opens within the previous body. Each day displays deterioration of the upward move as shown with the long upper shadows on the 2nd and 3rd days.	Bullish Three White Soldiers Deliberation

Psychology...

This formation is similar to the Bullish Three White Soldiers formation. However, the Bearish Advance Block chart alerts traders to the weakness of the upside price action since the close of the second and third days are significantly less than their highs.