The Three White Soldiers Candlestick Pattern is a powerful reversal pattern that can indicate a shift from a downtrend to an uptrend. It consists of three consecutive bullish green candles, with each candle closing higher than the previous one. The wicks of all three candles are typically short in size. This pattern confirms a strong bullish force and often forms after a significant downtrend, often at a new low. Additionally, it is interesting to note that the Three White Soldiers have a bearish counterpart called The Three Black Crows.
Candle Body
Three consecutive bullish green candles, each one closing higher than the previous candle.
Candle Wick / Shadow
The Wicks of all three candles are usually the same length – short in size.
Candle Colors
All three candles are green.
Modus Operandi
The Three White Soldiers confirms that a powerful reversal is taking place now, as there is a considerable bullish force behind the creation of this movement. This pattern forms after a strong downtrend, usually at a new low.
Fun Fact
The Three White Soldiers have a direct opposite bearish pattern called The Three Black Crows.
