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