| Bearish Candlestick Patterns |  | | |
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This Pattern signals a :
Reversal
Reliability of this pattern:
High
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This Pattern signals a : Reveral
Reliability of this candlestick pattern: Low
How to Identify:
Three candles are involved in forming this pattern. On a daily chart, here's how it will unravel:- 1st day is a bulls day (white candle).
- 2nd day is also bull's day but it opens within the first day but closes above the first day.
- 3rd day also is bullish and opens within the second day but closes above the second day
- Note: The bodies of the candles get progressively smaller and the upper shadows of day 2 and 3 getting progressively longer.
Market Psychology:
This pattern usually occurs at the end of a bullish rally - although, it doesn't really say that the bears are in control - the pattern does indicate that the bulls are losing ground. This pattern shows that attempt to rally intraday by bulls keeps failing to a greater degree.
The bearish Advanced Block is similar to the bullish Three White Soldiers and bearish Deliberation
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