The Three White Soldiers is a bullish Japanese candlestick reversal pattern consisting of three consecutive white bodies, each with a higher close.
The Three White Soldiers candlestick pattern marches upward, creating a staircase-like structure asthe price climbs higher and higher.
The pattern usually indicates a weakness in an established downtrend and the potential emergence of an uptrend.
Each candle should open within the previous body and the close should be near the high of the candle.
Recognition Criteria
To identify the Three White Soldiers pattern, look for the following criteria:
- There must be three long and bullish (i.e., white or green) candlesticks in a row.
- Each of those candles must open above the previous day’s open. Ideally, it will open in the middle price range of the previous day.
- Each candle must open progressively upward, establishing a new short-term high.
- The candles should have very small (or nonexistent) upper shadows/wicks.
Meaning
The Three White Soldiers pattern appears after a downtrend.
The bears are exhausted, and the bulls are able to push the price upward., marching forward forthree trading sessions, forming a strong reversal.
Their march forward conveys their strength, shifting the sentiment from bearish to bullish.
Make sure to pay attention to the candles’ lengths.
The second and third candles should be approximately the same size as the first candle, confirming that the bulls truly are in control.
If the third candle is smaller (or shorter) than the first two candles, you may not want to question the Three White Soldiers.
This shift in size (or height) reduces the reliability of the pattern.
The biggest drawback of the Three White Soldiers pattern is that it can occur during a consolidation period. This can lead to mixed sentiment, so you can easily get trapped on the wrong side of the market.
FAQs
The three white soldiers candlestick pattern is typically observed as a reversal indicator, often appearing after a period of price decline. This chart pattern suggests a strong change in market sentiment in terms of the stock, commodity, or forex pair making up the price action on the chart.
How accurate is the three white soldiers? ›
The three white soldiers is one of the most reliable trend reversal patterns. Based on studies, the bullish reversal pattern provides s accurate signals 80% to 90% of the time.
What is the difference between 3 black crows and 3 white soldiers? ›
Three white soldiers are simply a visual pattern indicating the reversal of a downtrend whereas three black crows indicate the reversal of an uptrend. The same caveats apply to both patterns regarding volume and confirmation from other indicators.
What is the 3 candle theory? ›
This triple candlestick pattern indicates that the downtrend is possibly over and that a new uptrend has started. For a valid three inside up candlestick formation, look for these properties: The first candle should be found at the bottom of a downtrend and is characterized by a long bearish candlestick.
What is the three white soldiers code? ›
The three white soldiers candlestick pattern is one of the most vital bullish reversal signals. You can use it to interpret a potential uptrend and enter a long position. However, you must confirm your trading decisions with other technical indicators to mitigate the risks associated with false signals.
What does it mean when you see a crow on your lawn? ›
"If you see crows everywhere, it can be an indication that change is coming or you need to do some rigorous self-inventory, some serious look at your inner self," says Rambo. "Noticing crows means you are attuned to your surroundings," adds Compora.
What does it mean when you see 3 crows in your yard? ›
Three crows are a symbol or metaphor in several traditions. Three crows in a tree. Crows, and especially ravens, often feature in European legends or mythology as portents or harbingers of doom or death, because of their dark plumage, unnerving calls, and tendency to eat carrion.
Where in the Bible does it talk about crows? ›
Luke 12:24-29 GNBUK
Look at the crows: they don't sow seeds or gather a harvest; they don't have storerooms or barns; God feeds them!
Why is the pink candle third? ›
It is called the “Shepard's Candle,” and is pink because rose is a liturgical color for joy. The third Sunday of Advent is Gaudete Sunday and is meant to remind us of the joy that the world experienced at the birth of Jesus, as well as the joy that the faithful have reached the midpoint of Advent.
What are the 4 candles in the Bible? ›
The four candles of Advent represent the four Sundays of Advent, and they respectively symbolize hope, peace, joy, and love.
We light one for our grief, one for our courage, one for our memories and one for our love.
What do three black crows mean? ›
The three black crows candlestick pattern is considered a relatively reliable bearish reversal pattern. Consisting of three consecutive bearish candles at the end of a bullish trend, the three black crows signals a shift of control from the bulls to the bears.
What is the pattern of the 3 bar candlestick? ›
The three-bar reversal pattern – an overview
The pattern involves 3 consecutive candlesticks, whose movement indicates whether a reversal in the trend is bound to happen or not. This pattern is used frequently by traders looking to execute trades against the trend.
What is the 3 candle bullish pattern? ›
Triple candlestick patterns can be bullish or bearish. Triple candlestick patterns such as the morning star, morning star doji, bullish abandoned baby, three white soldiers, three inside up, and three outside up signal bullish trend reversals.
What is three white soldiers in tradingview? ›
Three white soldiers is a bullish candlestick pattern, a reversal pattern. This pattern suggests a strong change in market sentiment. The opposite of the 'three white soldiers' pattern is the 'three black crows' pattern.
