What is Three White Soldiers?
Three white soldiers is a bullish candlestick pattern that is used to predict the reversal of the current downtrend in a pricing chart. The pattern consists of three consecutive long-bodied candlesticks that open within the previous candle's real body and a close that exceeds the previous candle's high. These candlesticks should not have very long shadows and ideally open within the real body of the preceding candle in the pattern.
KEY TAKEAWAYS Three white soldiers are considered a reliable reversal pattern when confirmed by other technical indicators like the relative strength index (RSI).
The size of the candles and the length of the shadow is used to judge whether there is a risk of retracement.
The opposite pattern of three white soldiers is three black crows, which indicates a reversal of an uptrend
To join free signal group register your account here
http://tiny.cc/OlympTrade2021
