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Japanese name:sakizumari
Forecast: bearish reversal
Trend prior to the pattern: uptrend
Opposite pattern: none
See Also: Deliberation
Construction:
- 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
The Advance Block is classified as a three-line bearish reversal pattern. The first line is a white candle appearing as a long line in an uptrend. It can be any of the following basic candles: White Candle, Long White Candle, Opening White Marubozu, Closing White Marubozu or White Marubozu.
The second line can be formed by any white candle, appearing either as a long or short line. It opens within the body of the first candle and closes above it.
The last, third line, is also any white candle appearing as a long or short line. It opens within the body of the second line and closes above it.
Each subsequent candle body within the Advance Block pattern is shorter than the previous one.
The shadows of the second and third line should be longer than the one of the first line. The pattern indicates that the bulls are weakening. Three white bodies, however, form a support zone and to consider the pattern it needs to be confirmed. Therefore, after pattern appearance the market need to close below the first line. If this is not the case, pattern occurrence should be treated as a false one.
The Advance Block is a very rare pattern.
Advance Block statistics
Below you can find some Advance Block pattern statistics calculated by CandleScanner software.
Scanner settings: daily stocks
Group: S&P500
Number of symbols: 502
Date range: 7/1/1995 - 6/30/2015
Time interval: daily candles
Total number of candlesticks: 2,236,421
Number of occurrences (Advance Block): 1,045
Number of occurrences (all candlestick patterns): 638,570
% of occurrences (Advance Block): 0.16 %
Average frequency: 2,140.1
Efficiency statistics (5 candlesticks testing period)
Efficiency | NO DATA | FALSE | LOW | MEDIUM | HIGH |
---|---|---|---|---|---|
Number of Occurrences |
0 | 161 | 399 | 217 | 268 |
% of Occurrences |
0.00 % | 15.41 % | 38.18 % | 20.77 % | 25.64 % |
Efficiency | NO DATA | FALSE | LOW | MEDIUM | HIGH |
---|---|---|---|---|---|
Number of Occurrences |
1 | 153 | 326 | 202 | 363 |
% of Occurrences |
0.10 % | 14.54 % | 31.20 % | 19.33 % | 34.83 % |
Occurrences Statistics | 5 candlesticks testing period (HIGH efficiency) |
10 candlesticks testing period (HIGH efficiency) |
||||
---|---|---|---|---|---|---|
Symbol | Number of Occurrences |
Average Frequency |
Number of Occurrences |
% of Occurrences |
Number of Occurrences |
% of Occurrences |
FCX | 4 | 1,257.5 | 3 | 75.00 % | 4 | 100.00 % |
CMCSA | 4 | 1,258.5 | 1 | 25.00 % | 3 | 75.00 % |
NRG | 4 | 728.3 | 3 | 75.00 % | 3 | 75.00 % |
SBUX | 4 | 1,258.5 | 3 | 75.00 % | 3 | 75.00 % |
SNA | 4 | 1,258.5 | 3 | 75.00 % | 3 | 75.00 % |
YHOO | 4 | 1,209.3 | 3 | 75.00 % | 3 | 75.00 % |
GD | 6 | 839.0 | 1 | 16.67 % | 4 | 66.67 % |
ADSK | 8 | 629.3 | 4 | 50.00 % | 5 | 62.50 % |
BEN | 5 | 1,006.8 | 1 | 20.00 % | 3 | 60.00 % |
CERN | 5 | 1,006.8 | 2 | 40.00 % | 3 | 60.00 % |
Occurrences Statistics | 5 candlesticks testing period (FALSE efficiency) |
10 candlesticks testing period (FALSE efficiency) |
||||
---|---|---|---|---|---|---|
Symbol | Number of Occurrences |
Average Frequency |
Number of Occurrences |
% of Occurrences |
Number of Occurrences |
% of Occurrences |
ADBE | 4 | 1,258.5 | 2 | 50.00 % | 2 | 50.00 % |
AET | 4 | 1,258.5 | 2 | 50.00 % | 2 | 50.00 % |
BIIB | 4 | 1,258.0 | 2 | 50.00 % | 2 | 50.00 % |
HSY | 4 | 1,258.5 | 2 | 50.00 % | 2 | 50.00 % |
SIAL | 4 | 1,258.5 | 2 | 50.00 % | 2 | 50.00 % |
TROW | 4 | 1,258.5 | 2 | 50.00 % | 2 | 50.00 % |
TSN | 4 | 1,258.5 | 2 | 50.00 % | 2 | 50.00 % |
AES | 5 | 1,006.8 | 2 | 40.00 % | 2 | 40.00 % |
COL | 5 | 704.0 | 2 | 40.00 % | 2 | 40.00 % |
DTE | 5 | 1,006.8 | 2 | 40.00 % | 2 | 40.00 % |
Scanner settings: daily stocks
Group: S&P500
Number of symbols: 502
Date range: 7/1/2010 - 6/30/2015
Time interval: daily candles
Total number of candlesticks: 614,034
Number of occurrences (Advance Block): 433
Number of occurrences (all candlestick patterns): 166,328
% of occurrences (Advance Block): 0.26 %
Average frequency: 1,418.1
Efficiency statistics (5 candlesticks testing period)
Efficiency | NO DATA | FALSE | LOW | MEDIUM | HIGH |
---|---|---|---|---|---|
Number of Occurrences |
0 | 58 | 204 | 88 | 83 |
% of Occurrences |
0.00 % | 13.39 % | 47.11 % | 20.32 % | 19.18 % |
Efficiency | NO DATA | FALSE | LOW | MEDIUM | HIGH |
---|---|---|---|---|---|
Number of Occurrences |
1 | 53 | 164 | 94 | 121 |
% of Occurrences |
0.23 % | 12.01 % | 37.88 % | 21.71 % | 28.17 % |
Occurrences Statistics | 5 candlesticks testing period (HIGH efficiency) |
10 candlesticks testing period (HIGH efficiency) |
||||
---|---|---|---|---|---|---|
Symbol | Number of Occurrences |
Average Frequency |
Number of Occurrences |
% of Occurrences |
Number of Occurrences |
% of Occurrences |
BSX | 2 | 629.0 | 2 | 100.00 % | 2 | 100.00 % |
FCX | 2 | 629.0 | 2 | 100.00 % | 2 | 100.00 % |
IPG | 2 | 629.0 | 2 | 100.00 % | 2 | 100.00 % |
NFX | 2 | 629.0 | 2 | 100.00 % | 2 | 100.00 % |
NLSN | 2 | 556.5 | 1 | 50.00 % | 2 | 100.00 % |
PCP | 2 | 629.0 | 2 | 100.00 % | 2 | 100.00 % |
ROST | 2 | 629.0 | 2 | 100.00 % | 2 | 100.00 % |
SYY | 2 | 629.0 | 0 | 0.00 % | 2 | 100.00 % |
THC | 2 | 629.0 | 1 | 50.00 % | 2 | 100.00 % |
VRSN | 2 | 629.0 | 2 | 100.00 % | 2 | 100.00 % |
Occurrences Statistics | 5 candlesticks testing period (FALSE efficiency) |
10 candlesticks testing period (FALSE efficiency) |
||||
---|---|---|---|---|---|---|
Symbol | Number of Occurrences |
Average Frequency |
Number of Occurrences |
% of Occurrences |
Number of Occurrences |
% of Occurrences |
MHFI | 3 | 419.3 | 2 | 66.67 % | 2 | 66.67 % |
SIAL | 3 | 419.3 | 2 | 66.67 % | 2 | 66.67 % |
ABBV | 2 | 321.5 | 1 | 50.00 % | 1 | 50.00 % |
COL | 4 | 314.5 | 2 | 50.00 % | 2 | 50.00 % |
CVS | 2 | 629.0 | 1 | 50.00 % | 1 | 50.00 % |
EQIX | 2 | 629.0 | 1 | 50.00 % | 1 | 50.00 % |
GMCR | 2 | 629.0 | 1 | 50.00 % | 1 | 50.00 % |
HCBK | 2 | 629.0 | 1 | 50.00 % | 1 | 50.00 % |
HSY | 2 | 629.0 | 1 | 50.00 % | 1 | 50.00 % |
MDLZ | 2 | 629.0 | 1 | 50.00 % | 1 | 50.00 % |