Three White Soldiers Candlestick Pattern
The Three White Soldiers (Three White Soldiers) pattern is one of the strongest bullish reversal candlestick patterns, used to confirm a bullish reversal after a downtrend.
📌 Pattern Definition:
It is a pattern consisting of three consecutive rising candles that appear after a downtrend or at the end of a corrective movement, indicating buying strength and the likelihood of continued upward movement.
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✅ Pattern Characteristics:
1. It consists of three green (or white) candles.
2. Each candle closes higher than the previous one.
3. The upper and lower shadows are short (especially the lower one).
4. Each candle opens within the body of the previous candle (usually at its midpoint or near the open).
5. It typically appears after a downtrend or a consolidation period.
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📈 Technical Interpretation:
Indicates a shift in market psychology from selling to buying.
Buyers are gradually gaining control.
Considered a confirmation signal for a bullish reversal.
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⚠️ Important Notes:
The pattern becomes stronger if accompanied by high trading volume.
It is preferable to confirm it with other indicators such as RSI or MACD to avoid false signals.
If the candles appear after a doji candle or a bearish reversal candle, it is advisable to wait.
