#Threewhitesoldiers

The three white soldiers pattern appears after a sharp downtrend. Technical traders believe that it offers one of the strongest indications that a reversal has occurred.

It consists of three green candlesticks that follow a long red session. The first should close at around 50% of the previous candle’s range. The second should close above the open of the red session. The third is a long green stick, signaling that an uptrend is now well under way.

Each of the ‘soldiers’ should have a longer body that the last, as buying momentum builds.