Three White Soldiers

The Three White Soldiers candlestick pattern consists of three consecutive long bullish bodies where each day closes at or near its high and opens within the body of the previous day.

Three White Soldiers

The Three White Soldiers is a bullish reversal candlestick pattern. Three White Soldiers is the opposite pattern of the bearish Three Black Crows.

 

Three White Soldiers Identification

The Three White Soldiers candlestick pattern consists of three consecutive long bullish bodies where each day closes at or near its high and opens within the body of the previous day.



Three White Soldiers candlestick pattern

Interpretation of Three White Soldiers

The bearish Three White Soldiers provides a rather obvious signal of pause in the bearish move. Although one strong bullish candle can be reasonably expected during a bear trend, the second and third days suggest (short) profit taking and consolidation of the bear market.



Candlestick traders will watch for more bullish or ranging markets to come, but if the candles are too overextended technical traders will work on the assumption that the short term market is overbought.

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