Three white soldiers
Three White Soldiers is a bullish reversal pattern that is made up of a trio of long green candles during a downtrend, each appearing after the other, opening within the range of the previous period and closing near the current period’s high.
Please note that on black & white trading charts, the green candles are replaced by white candles and hence the name “Three WHITE Soldiers”. Soldiers signify a march ahead or the upward momentum.
Points to remember
The market has to be in a downtrend.
You then have 3 green bullish candlesticks that form consecutively giving you the three white soldiers chart pattern.
Each candlestick must open within the candle body of the previous candlestick
Each candlestick must close higher than the previous candlestick
Disclaimer - For educational purposes only
Three White Soldiers is a bullish reversal pattern that is made up of a trio of long green candles during a downtrend, each appearing after the other, opening within the range of the previous period and closing near the current period’s high.
Please note that on black & white trading charts, the green candles are replaced by white candles and hence the name “Three WHITE Soldiers”. Soldiers signify a march ahead or the upward momentum.
Points to remember
The market has to be in a downtrend.
You then have 3 green bullish candlesticks that form consecutively giving you the three white soldiers chart pattern.
Each candlestick must open within the candle body of the previous candlestick
Each candlestick must close higher than the previous candlestick
Disclaimer - For educational purposes only
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