The three white soldiers help to confirm that a bear market has ended and market sentiment has turned positive. In Candlestick Charting Explained, technical analyst Gregory L. Morris says This type of price action is very bullish and should never be ignored.
The three white soldiers pattern and its bearish counterpart, the three black crows, are considered fairly robust reversal signals by both analysts and traders. The bullish pattern consists of .
3 Requirements for Confirmation. 1st Requirement β Three Bullish Broad-Range Candles. 2nd Requirement β Formation at the End of a Bearish Move. 3rd Requirement β Heavy Volume Signature. Three White Soldiers Chart β Example 1. Three White Soldiers Chart β Example 2. Three White Soldiers Chart β Example 3.
Three white soldiers patterns aka three advancing soldiers patterns are three candlestick patterns found on stock charts. This pattern is considered to be a bullish reversal pattern. Watch our video above to learn more about how to trade them. They are is a simple pattern. When you see these patterns form on stock charts, be encouraged.
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