Three White Soldiers
Definition of 'Three White Soldiers'A bullish candlestick pattern that is used to predict the reversal of the current downtrend. This pattern consists of three consecutive long-bodied candlesticks that have closed higher than the previous day, with each session's open occurring within the body of the previous candle.![]() |
|
Investopedia explains 'Three White Soldiers'These long-bodied candlesticks are a sign of the change in investor sentiment and are used by traders to confirm a shift in momentum. This pattern may form after a period of consolidation, which is still a valid sign of a move higher, but it is not as desirable as it would be if it were found at the end of a prolonged downtrend. |
Related Definitions
Articles Of Interest
-
What do you call a candlestick with no shadows, and what does it mean?
A candlestick with no shadow is regarded as a strong signal of conviction by either buyers or sellers depending on whether the direction of the candle is up or down. This type of candlestick ... -
What do the different colored candlesticks mean?
Candlestick charts have been used in Western trading for many years and are a very popular method of plotting the price action of a given security over time. A typical candlestick chart is composed ... -
Advanced Candlestick Patterns
Go beyond the basics! Learn to identify and trade island reversals, kicker patterns and more. -
Candlesticks And Oscillators For Successful Swing Trades
Take advantage of short-term price moves by pinpointing reversals. -
What Type Of Trader Are You?
There are different ways stock traders attempt to profit from market movements. Which of the strategies do you use? -
Strong Volume Gainers, Can It Continue?
Volume is one of those indicators that gets overlooked, likely because it's shown by default on almost every chart, making it a little dull. But volume is what drives markets. Big volume jumps ... -
Market Summary For May 17, 2013
The U.S. stock markets moved sharply higher this week, on track for its fourth straight week of gains, driven by ongoing improvements in economic indicators. -
Parabolic SAR Buy Signals
The Parabolic SAR indicator is flashing "buy" in these four diverse stocks. Not simply relying on one indicator though, I take a look at the overall technical outlook and determine which ones ... -
Market Summary for May 10 2013
Major U.S. indices moved higher this week but, given the new highs, traders should watch for retracements next week. -
Buying The Upward Trend Channel Bounce
Find out how to set up the trades for four stocks that are moving higher within well-defined trend channels.

Free Annual Reports