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Bearish Advance Block Candlestick Pattern



This pattern signals a potential trend

Reversal


How to identify
  1. Three consecutive white days with higher closes each day.

  2. Each day opens within the previous body.

  3. Each day displays deterioration of the upward move as shown with the long upper shadows on the 2nd and 3rd days.
Similar pattern(s)

» Bullish Three White Soldiers

» Bearish Deliberation

Psychology

This pattern is similar to the Bullish Three White Soldiers pattern. 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.



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Last 10 Days: 6 Last 10 Weeks: 10




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