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How to identify
The Advance Block pattern is a derivative of the Three White Soldiers bull. However, it must occur in an uptrend, whereas the Three White Soldiers pattern must occur in a downtrend. Unlike the Three White Soldiers, the second and third days of the Advance Block show weakness. The long upper shadows show that the price extremes reached during the day cannot hold. This type of action after an uptrend and then for two days in a row should make any bullish market participants nervous, especially if the uptrend is getting overextended. Remember this pattern occurs in an uptrend. Most multiple day patterns
begin with a long day, which helps support, the existing trend. The two
days with long upper shadows show that there is profit taking because
the rise is losing its power. BUY "Advance Block Bear" Candlestick Chart Indicator add to cart Back to Glossary of BULL and BEAR Candlestick Chart Indicators. For an additional education on Japanese Candlestick Charting techniques, visit our Investment Bookstore and also check out the special pricing section called Fire Sale Books for great deals at the largest collection of Investment Books on the Internet. Click here if you'd like to be advised when the site is updated or refer this web site Home / Company Information / Promotions / TC2005 Candlestick Charts / Gift Certificate / Discount Book Store / Contests / Affiliate Programs / Internet Marketing Resources / Food for Thought ezine / Marketing Food for Thought ezine / Stock Market Info / Art / Telecom Services / Electronic Products / Favorite Links / Free Screensaver / Free Software / Email Updates / Refer This Site / Contact Us / By viewing this web site, you the visitor, agree to our
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