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Advance Block |
Advance Block is a bearish candlestick pattern made up of 3 candles.
How to Identify:
We use our proprietary data-mining algorithm to capture specific price movement and pattern performance.
As you know, under certain circumstances, a Bearish pattern can also perform as a Bullish pattern, and a reversal pattern can be changed into a continuation pattern.
If you want to find out the performance of this pattern in real market, not in theory, our data mining results are your must have reference.
The following pictures are taken from our Candlestick Pattern Indicator (Thinkorswim version).
How to Identify:
- All 3 candles are bullish and continue the uptrend;
- Each candle's Open price is within the previous candle's body;
- The 2nd candle's body is smaller than that of the 1st candle, and the 3rd candle's body is smaller than that of the 2nd candle;
- Both 2nd and 3rd candles have long upper shadows.
We use our proprietary data-mining algorithm to capture specific price movement and pattern performance.
As you know, under certain circumstances, a Bearish pattern can also perform as a Bullish pattern, and a reversal pattern can be changed into a continuation pattern.
If you want to find out the performance of this pattern in real market, not in theory, our data mining results are your must have reference.
The following pictures are taken from our Candlestick Pattern Indicator (Thinkorswim version).
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