bullish three white soldiers candlestick


Bullish Three White Soldiers

Direction: Bullish

Type: Reversal

Reliability: Strong

After a downtrend, three consecutive long blue days occur

Each day closes higher than the previous day

Following a downtrend, three long blue days with consecutively higher closes act as a strong indicator, certainly the very definition of an uptrend, and almost assuring bullish moves to come.

The patterns stresses caution for those looking to short a particular currency pair.

Candlestick traders will watch for more bullish or ranging markets in the future, but if the candles are too overextended analysts will worry that the market may now be overbought and pause accordingly.

AKA: Before multicolour monitors, many charting packages used white candles to designate uptrend candle bodies, hence the name Three White Soldiers.