Three white soldiers

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    Three white soldiersThe three white soldiers pattern is formed when three bullish candles follow a downtrend or a ranging period. The pattern indicates a reversal and is considered to be a strong bullish signal.

    The three white soldiers usually have three long bullish candles (1), one after the other, of equal length.

    The candles close above the previous day’s high.

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    In the equities market, the candles ideally open up in the middle of the previous period’s candle.

    Three white soldiers
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