Candle Patterns | Three Advancing White Soldiers

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2021-11-06 01:00

Three White Soldiers BULLISH | reversal candle pattern

Three white soldiers are essentially 3 green candles but with the caveat that they must occur on the tail of a down trend and they have a few other minor details required for the candles to conform to in order to consider this a Three White Soldier candle pattern.

The three White Soldiers candle pattern has a signature pattern of 3 ascending candles in a row. The first candle had to have been a lower candle than the previous, this marks a reversal. Each subsequent candle must start after the body of its predecessor and the body should span higher than the previous candle.

  •  First candle
    •  a candle in a downtrend
    •  white/green body
  • Second candle
    • white body
    • the opening price within the previous body
    • the closing price above the previous closing price
  • Third candle
    • white body
    • the opening price within the previous body
    • the closing price above the previous closing price

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