Three white soldiers


    The 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.

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