Advance Block Candlestick Formation

Advance Block Candlestick Example

Description

An Advance Block candlestick formation is composed of 3 green candlesticks. Each candlestick should have a higher open and a higher close than that of the previous candlestick. With each print, or candle, the body should get smaller. With each print the upper shadow should get larger. This formation is bearish and shows that the bulls are running out of steam, with the bears seeming to slowly take over.