Advance Block Candlestick Pattern is a three-candle reversal pattern that can occur at the end of an uptrend. It is considered to be a bearish pattern and can signal a potential trend reversal.
Unlike the Three White Soldiers, having consistently long candles, the Advance Block shows signs of weakness. This pattern is going to occur in an uptrend or occurs during a bounce up in a downtrend.
The first candlestick in the pattern is a long white candlestick with a small upper shadow. The second candlestick is also a white candlestick with a smaller real body and a long upper shadow than the previous candlestick. The third and final candlestick is a small white candlestick with a long upper shadow.
Advance Block Candlestick Pattern example
Let’s see some charts for this pattern.
SHREECHEM
UBL
Note: Use other technical indicators or price action before making trading decisions based on the Advance Block pattern.
Do comment if you have any doubts or suggestions on this chart pattern topic.
Disclaimer: All comapny chart are used only for learing purpose. There is no buy and sell recommandtion. All Technical analyst are learing purpose only.