Thursday, July 7, 2016

What is Three White Soldiers: Bullish Reversal Pattern?

What is Three White Soldiers: Bullish Reversal Pattern?

Three White Soldiers is a bullish reversal pattern and is opposite of three black crows. This pattern consists of three large consecutive white candles with close at or near their high levels. If the first candle appears at previous support level, then there may be more strength and gains.

It is good to trade the stock once third candle appears. The first two candles often provide support on pullbacks.

This pattern should be confirmed with previous support and resistance.