Three White Soldiers¶
| Name | Type | Prerequisite | Use Cases |
|---|---|---|---|
| Three White Soldiers | Bullish Reversal | OHLC Data | Confirming a reversal from a downtrend. |
Definition¶
This pattern consists of three consecutive long green candles with small wicks, each opening within the previous candle's body and closing higher than the previous close.
Pattern Structure¶
- Three Green Candles: Consecutive.
- Progressive Closes: Each closes higher than the last.
- Opens: Each opens within the previous body.
- Shadows: Small or non-existent.
Visualization¶
Story¶
After a grueling downtrend, the buyers finally organize a coordinated, multi-day assault. For three consecutive sessions, the market marches upwards with strong green bodies and almost no upper wicks. Every dip is bought, and every session closes near its absolute high. It is a systematic, relentless procession of buying power that completely breaks the bearish sentiment and marks the decisive start of a new uptrend.
Trading Significance¶
- Strong Momentum: Indicates a decisive shift in sentiment from bearish to bullish.
- Steady Advance: Shows a steady and strong influx of buying pressure.