Indicators and patterns
3/19/2025
Indicators and patterns
The "Advance Block" pattern and the "Hanging Man" pattern are both bearish indicators in technical analysis.1. Advance Block:
- The Advance Block pattern is a three-candle bearish reversal pattern that usually occurs at the end of an uptrend.
- It consists of three consecutive green (bullish) candles with each candle closing higher than the previous one.
- The pattern suggests that the buying pressure is weakening and the uptrend may be losing momentum, potentially signaling a reversal to the downside.
2. Hanging Man:
- The Hanging Man pattern is a single candlestick pattern that is considered bearish and signals a potential trend reversal.
- It forms at the peak of an uptrend and indicates that the buyers are losing control and the sellers may take over.
- The pattern consists of a small body near the low of the candle and a long upper shadow, resembling a hanging man.
- It suggests that despite an attempt to push prices higher, the bears were able to push the price back down, indicating potential weakness in the uptrend.
In this case, both the Advance Block pattern and the Hanging Man pattern are signaling a bearish outlook for the USD/JPY currency pair on the 15-minute timeframe. Traders may interpret these signals as a potential opportunity to sell or consider a bearish stance in their trading strategy.
This is not investment advice. Remember to verify the information provided here.
Get access to the full analysis
- Over 35 000 indexes
- CFD, Forex, Crypto and Stocks Exchange
- Over 150 Indicators
- Pattern and candle analysis
- Support and resistance levels
- Fundamental, technical and sentimental analysis
- Power from AI
