What is Three White Soldiers Candlestick Pattern ?
Three White Soldiers is a bullish #reversal candlestick pattern that consists of three long white (or Bullish) candlesticks with small or no shadows. Each candlestick opens within the previous day's real body and closes #higher than the previous day's close.
This pattern is usually observed after a #downtrend, and it indicates a strong reversal in the market #sentiment towards bullishness. The first candlestick represents the beginning of the #bullish move, the second candlestick shows continued buying pressure, and the #third candlestick confirms the reversal.
If the pattern is confirmed, it can provide a good buying opportunity with a stop-loss below the #lowest point of the pattern
Three White Soldiers is a bullish #reversal candlestick pattern that consists of three long white (or Bullish) candlesticks with small or no shadows. Each candlestick opens within the previous day's real body and closes #higher than the previous day's close.
This pattern is usually observed after a #downtrend, and it indicates a strong reversal in the market #sentiment towards bullishness. The first candlestick represents the beginning of the #bullish move, the second candlestick shows continued buying pressure, and the #third candlestick confirms the reversal.
If the pattern is confirmed, it can provide a good buying opportunity with a stop-loss below the #lowest point of the pattern