Bearish advance block (For short trades)
This is a 3 candlestick pattern. A sell is generated when the following conditions occur –
1)The market is characterized by a prevailing uptrend
2)A white candlestick appears on the first day
3)The next two days are white candlesticks with each closing above the previous day’s close and having an opening within the range of the previous day’s body.
4)The last two days have long higher shadows.