Watch our video above to learn more about how to trade them. Bullish Engulfing: Bullish Harami: Bullish Piercing: Three Outside Up: Three Inside Up: Morning Star: Morning Star Doji: Abandoned baby Bullish: Hammer: Inverted Hammer: Three White Soldiers : Bullish Engulfing: Three White Soldiers Example. They are typically either green or white on a chart. That works in tandem with moving average lines. We teach how to trade three white soldiers patterns on our live daily streams (bookmark our penny stocks list and stock watch lists pages, which are updated daily). These three white candles presage more strength if they appear after a period of stable prices or at a low price area. Three white soldiers is a candlestick chart pattern in the financial markets.It unfolds across three trading sessions and represents a strong price reversal from a bear market to a bull market.The pattern consists of three long candlesticks that trend upward like a staircase; each should open above the previous day's open, ideally in the middle price range of that previous day. This type of triple candlestick pattern is considered as one of the most potent in-yo-face bullish signals, especially when it occurs after an extended downtrend and a short period of consolidation. However, the pattern itself is easy enough to recognize. How to Trade Three White Soldiers Patterns. This means that the following candles may appear: Long White Candle, White Candle, White Marubozu, Opening White Marubozu and Closing White Marubozu. If the pattern is followed by a candle closing below the first line's opening price, it should be seen as a false signal. Since three white soldiers patterns are seen as a reversal pattern, this pattern usually means a strong change in the way traders feel about as security has occurred. http://www.financial-spread-betting.com/course/candlesticks-reversals.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! The three soldiers pattern is a reversal pattern. Take our candlestick reversals course. They are is a simple pattern. The pattern comprises of three consecutive primary candlesticks, which closes at higher points as compared to the previous day. The bulls push price higher for three days in a row. Each of the three candles is white, tall, opens within the body of the prior candle and closes higher, with a short upper shadow (meaning each white candle closes near the high). Japanese called it the Three Red Soldiers, because what in the Western world is referred to as a white candle, they used, in fact, red color. Check our CandleScanner software and start trading candlestick patterns! It just means the stock needs to correct itself before moving up. This way, if there is some retracement after the new uptrend, you don’t get out of the trade soon. Formation. The Three White Soldiers is a candlestick pattern that signals a strong uptrend reversal. It is a bullish trend reversal pattern. It’s important to pay attention to moving averages and RSI along with candlesticks when trading. The bulls are in control of the stock. Different indicators like moving average lines and RSI can be an important part of technical analysis. We won't send you spam. BullishBears.com, PO BOX 83 Mansfield Center, Connecticut 06250 United States, DISCLAIMER: We’re not licensed brokers. The three white soldiers candlestick pattern suggests a strong change in market sentiment in terms of the stock, commodity or pair making up the price action on the chart. Trading smart allows you to be successful. They all work hand in hand. Scanner Guide Scan Examples Feedback Each bullish candlestick has a close that is higher than its opening price and closes above the previous candle. RSI tells you when a stock is overbought or oversold. They are a three candlestick pattern that takes place near support levels. The appearance is of three white soldiers standing in a row, hence the name. Trade Ideas – Gappers Updated Daily By 9:15 am. Three White Soldiers Candlestick: Example. It is a visual pattern and suggests a bullish takeover of the underlying commodity or currency. When RSI is showing the stock is overextended a period of consolidation should take place. The pattern is classified as a bullish reversal and appears within a downtrend. The closer this pattern forms to the bottom of a downtrend, the stronger the reversal will be. Three white soldiers on the GBPUSD 15m chart. Let us look at a real-life example of three white soldiers candlestick pattern. 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