Definition
Three White Soldiers is a bullish pattern of three consecutive long green candles, each opening within the previous body and closing higher. It shows sustained buying pressure and is most significant after a downtrend or consolidation.
Formula
Three consecutive bullish candles; Each opens within previous body; Each closes at or near its high
Example
Three days of strong buying: $48→$50, $50→$53, $53→$56. Each candle opens within the prior day's body and closes near its high. Strong bullish signal.
FAQ
What is Three White Soldiers?
Three consecutive long bullish candles signaling strong buying momentum.
How do you calculate Three White Soldiers?
A common formula for Three White Soldiers is: Three consecutive bullish candles; Each opens within previous body; Each closes at or near its high
Why is Three White Soldiers important?
Three White Soldiers helps investors evaluate candlestick patterns and make more informed decisions.