The three white soldiers pattern is a bullish reversal pattern that often indicates a strong reversal of a downtrend or consolidation. This pattern is formed by three long white (or green) candlesticks, each with a higher close than the previous one.
The opening price of each candle should be within the range of the previous day’s candle, and each candle should have little to no upper wick or shadow.
Three white soldiers pattern example
Here are the charts for this pattern. After a downtrend or a flat period, the presence of this formation suggests a healthy rally is occurring
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This candlestick pattern is a reliable signal when it occurs after a period of consolidation or a downtrend. As a trader, you have to take other technical indicators or chart patterns before taking a long position.
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Disclaimer: All comapny chart are used only for learing purpose. There is no buy and sell recommandtion. All Technical analyst are learing purpose only.