1 Three White Soldiers Candlestick Pattern - Bullish Pattern

The three white soldiers candlestick pattern consists of three long candles with long bodies that follow a downward trend, indicating a reversal of the trend upward in the long term.

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 or no upper wick.

The body of the third candle should be the same size 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 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

The opposite of the above-mentioned three white soldiers candlestick pattern. This three black crows candlestick pattern consists of three long bearish candles that follow an upward trend, indicating a reversal of the trend downward in the long term.

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 no wick.

The body of the third candle should be the same size or larger than the second candle, and the closing price of the third candle should be at the lowest price level or near it with a small or no wick.

A technical trader may use the three black crows candlestick pattern as an opportunity to open a short position aiming to profit from the following downward trend.

3 Three White Soldiers or Three Black Crows Candlestick Pattern

Three rising or falling patterns are used to predict the continuation of the current trend, whether it is downward or upward.

The bearish pattern is called the "three rising crows 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 black crows 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 maintain control of the market.