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Trading and Investment Terms

Advance Block

The advance block is the name given to a candlestick trading pattern.

  • An advance block is a three-period candlestick pattern considered to forecast a reversal.

An advance block consists of three candles and forms in an uptrend. Here are the conditions that have to be met:

  1. Both three candles are positive
  2. Each candle has a smaller body than the preceding candle and opens in the previous candle’s range
  3. The last two candles have quite big wicks

Every candlestick tells us a unique story about the market state in which it formed. This means they not only provide a visual clue about the exact moves of a market but also what happened inside the market.

Description of Advance Block

  • First candle
    • a candle in an uptrend
    • white body
  • Second candle
    • white body
    • the opening price is within the previous body
    • the closing price is above the previous closing price
  • Third candle
    • white body
    • the opening price is within the previous body
    • the closing price is above the previous closing price

 

 

 

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