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Abandoned Baby
Advance Block
Belt Hold
Breakaway
Dark Cloud Cover
Deliberation
Doji Star
Dragonfly Doji
Downside Gap Three Methods
Downside Tasuki Gap
Engulfing
Evening Doji Star
Evening Star
Falling Three Methods
Gravestone Doji
Hanging Man
Harami
Harami Cross
Identical Three Crows
In Neck
Kicking
Meeting Lines
On Neck
Separating Lines
Shooting Star
Side By Side White Lines
Three Black Crows
Three Inside Down
Three Line Strike
Three Outside Down
Thrusting
Tri Star
Two Crows
Upside Gap Two Crows

Advance Block
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Pattern: reversal
Reliability: moderate

Identification
Three white days occur. Each successive day opens within the body of the previous day and closes above the previous day. The bodies of the candles get progressively smaller with the upper shadows of day 2 and 3 getting progressively longer.

The Psychology
Each successive candle is smaller and closes further from its intraday high. This isn't necessarily extremely bearish, but it's certainly less bullish. It hints that the bounce is losing steam because each attempt to rally intraday fails by a greater degree.

The bearish Advance Block is similar to the bullish Three White Soldiers and bearish Deliberation.



This bearish Advanced Block pattern which formed at a previous high wasn't going to signal the end of the uptrend and beginning of a downtrend (look at all the black volume), but it did signal the beginning of a small pullback that was could be playable for short term traders.

 

 

 

 

 

 

 

 



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