Three White Soldiers



candle
Pattern reversal
Reliability high
 

Identification

Three long white days occur with each successive open being within the body of the previous day and each successive close being higher than the previous day and near the day’s high.

Psychology

In a downtrend or during a pullback within an uptrend, the three long white candles speak for themselves. If volume accompanies the move, the reliability of the pattern increases significantly. The bullish Three White Soldiers is similar to the bearish Advance Block and bearish Deliberation and could be the beginning of the bullish Three Line Strike.