The three white soldiers candlestick pattern is a bullish reversal pattern that forms with three consecutive long white candlesticks. If analyzed further, the three white soldiers pattern is, in fact, synonymous with a long white candlestick, if one would combine the three candlesticks together into one, taking the open of the first candlestick and the close of the last candlestick.
After a decline, or down-trend, the three white soldiers pattern signals strong buying and weakness from the bears to keep the price down. Generally, the pattern is a confirmation on its own, that the tide has changed to the bulls' favor, but in some cases, there is a retest of support established by the reversal.
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The three white soldiers candlestick pattern is a bullish...
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