Learn the three rising 🕯️🕯️🕯️ and falling 🔴 candles - you will not lose any trades anymore 💯👌✅ to gain confidence/Part 3
1 Three white soldiers candlestick pattern - bullish pattern 👇
The three white soldiers candlestick pattern consists of three long candles with long bodies following a downward trend, indicating a long-term reversal in the upward direction.
To be a valid pattern:
The body of the second candle should be longer than the body of the first candle, and its closing price should be near its peak with a small upper wick or no wick.
The body of the third candle should be the same size as or larger than the body of the second candle, and the closing price of the third candle should be at the highest price level or near it with a small wick or no wick.
Technical traders use the three white soldiers candlestick pattern as one of the clearest patterns indicating the end of bearish markets.
2 Three black crows candlestick pattern - bearish pattern 👇
This is the opposite of the three white soldiers candlestick pattern mentioned above. The three black crows candlestick pattern consists of three long bearish candles following an upward trend, indicating a long-term reversal in the downward direction.
To be a valid pattern:
The body of the second candle should be longer than the first, and it should close near its bottom with a small or nonexistent wick.
The body of the third candle should be the same size as or larger than the body of the second candle, and the closing price of the third candle should be at the lowest price level or near it with a small wick or no wick.
A technical trader may use the three black crows candlestick pattern as an opportunity to open a sell position aiming to profit from the ensuing downward trend.
3 Three rising or falling candlesticks pattern 👇
Three rising or falling patterns are used to predict the continuation of the current trend, whether it is bearish or bullish.
The bearish pattern is called the 'three rising candles' pattern. The bearish pattern consists of a long red candle followed by three small green candles and another red body - all green candles are contained within the range of the bearish bodies. It shows traders that the bulls do not have enough strength to reverse the trend. 👇
The opposite is true for the bullish pattern called the 'three falling candles' pattern. It consists of three short red candles located within the range of two long green candles. The pattern shows traders that despite some selling pressure, buyers are maintaining control of the market.
