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Bullish Three White Soldiers Pattern indicates a strong reversal in the market. It is found in a bearish market and consists of three long candlesticks stepping upward like a staircase. The opening of each candlestick is within the body of the previous day, and the opening of each day is slightly lower than the previous close.  It is better to see the opening prices above the middle of the previous day’s body. If the white candlesticks are very extended, one should be cautious about an overbought market.

Three White Soldiers

Three White Soldiers

Bearish Three White Soldiers Pattern indicates a strong reversal in the market. It is found in a bullish market and consists of three long candlesticks stepping downward like a staircase. The opening of each candlestick is within the body of the previous day, and the opening of each day is slightly higher than the previous close.  It is better to see the opening prices below the middle of the previous day’s body. If the white candlesticks are very extended, one should be cautious about an oversold market.

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