MarvelChart en Help

Advance Block

The Advance Block is classified as a three-line bearish reversal pattern.

The first line is a white candlestick that appears as a long line in an uptrend.

The second line can be any white candlestick, appearing as a long or short line. It opens inside the body of the first candlestick and closes above it.

The last, third line, is also any white candlestick that appears as a long or short line. It opens inside the body of the second line and closes above it.

Each subsequent candlestick body within the Advance Block pattern is shorter than the previous one.

The shadows of the second and third lines should be longer than that of the first line. The pattern indicates that the uptrend is weakening. Three white bodies, however, form a support zone and it is necessary to confirm the pattern in order to consider it. Therefore, after the pattern appears, the market must close below the first line. If this is not the case, the occurrence of the pattern should be treated as false.

The Advance Block is a very rare pattern.

Last modified: 13 December 2024