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Re: Farmer7 post# 31492

Thursday, 01/05/2017 8:24:59 AM

Thursday, January 05, 2017 8:24:59 AM

Post# of 203914
$OWCP What is 'Three White Soldiers'
Three white soldiers is 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.

BREAKING DOWN '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.

http://www.investopedia.com/terms/t/three_white_soldiers.asp