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Three White Soldiers Pattern

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FibonacciJack87

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Hi guys, can somebody explain to me about the Three White Soldiers Pattern? I've heard that before on someone's video I found randomly on internet and I still don't get it what that is.

Linkback: https://www.forex.zone/forex-education/29/three-white-soldiers-pattern/4376/
#1 - October 02, 2023, 02:52:41 AM

fxVirtuoso7

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As I know, the Three White Soldiers pattern is a bullish reversal candlestick pattern that comes after a bad trend on a price chart and consists of three consecutive long-bodied bullish candlesticks, each with a higher closing than the prior candle.

Maybe you can click this link for a full explanation https://insights.primecodex.com/three-white-soldiers/ , I?m afraid to give the wrong information :D
#2 - October 03, 2023, 08:41:44 AM

aizafx

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Three white soldiers including in the technical analsys that gives bullish signal. When the market in downtrend then appear three candle bullish with small or no shadow. While the reverse of three white soldiers is three black crows that gives bearish signal. In the theori when downtrend market already reach saturation then appear three bulls candle with small or no shadow on top or bottom candle indicating reversal pattern from bearish into bullish.
#3 - October 03, 2023, 09:27:24 PM

Admin

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Here is the definition of the Three White Soldiers pattern:

  • There must be three long bullish candlesticks in a row, each with a higher closing price than the previous one.
  • Each candle should open within the previous candle's body.
  • The close prices should be near the high of the candle. So the candles should have very small, if any, upper wicks.

See image attached for an example. Also, there is a free Three White Soldiers indicator on TradingView which you can use to find these patterns.
#4 - October 05, 2023, 01:44:59 AM
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