• Advance Block

  • Type: Reversal
  • Relevance: Bearish
  • Prior Trend: Bullish
  • Reliability: Medium
  • # of Sticks: 3

Definition:

Three consecutive up candles but continually shorter in length and while they make higher lows and higher highs it is by a decreasing amount.  This pattern shows a loss of strength and conviction in the rally.  Please do not mistake this pattern with the very Bullish Three White Soldiers!