Monday, April 03, 2017 9:00:07 PM
Three White Soldiers
Three white soldiers is a candlestick chart pattern in the financial markets. It unfolds across three trading sessions and suggests a strong price reversal from a bear market to a bull market. The pattern consists of three long candlesticks that trend upward like a staircase; each should open above the previous day's open, ideally in the middle price range of that previous day. Each candlestick should also close progressively upward to establish a new near-term high.
The three white soldiers help to confirm that a bear market has ended and market sentiment has turned positive.Technical analyst Gregory L. Morris says "This type of price action is very bullish and should never be ignored."FTUA!!!
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