Indicators and patterns
1/9/2025
Indicators and patterns
The "Advance Block" pattern is a bearish three-candlestick pattern that typically indicates a potential reversal in an uptrend. It is identified by three consecutive green (bullish) candles with each candle closing higher than the previous one. However, the body of each candle becomes smaller, indicating weakening buying pressure.In this specific case, the Advance Block pattern has been identified on the USD/JPY currency pair chart with a 15-minute timeframe. The signal generated is bearish, suggesting a potential trend reversal from an uptrend to a downtrend. The recommendation based on this pattern is to sell the USD/JPY pair.
The signal was generated at a price of 157.98 on January 9, 2025, at 16:00 GMT. Traders and investors may consider this signal along with other technical and fundamental analysis to make informed trading decisions.
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
