Three White Soldiers
The Three White Soldiers are a powerful bullish continuation or reversal pattern composed of three consecutive large bullish candles.
Realistic chart representation
Look for this pattern at the end of a consolidated downtrend, preferably on a key support level. Do not trade against the long-term trend.
What is the Three White Soldiers pattern?
The Three White Soldiers are a powerful bullish continuation or reversal pattern composed of three consecutive large bullish candles. Each candle opens within the body of the previous one and closes near its high. This pattern indicates a strong and progressive takeover by buyers and is frequently seen after consolidation periods or at the end of a prolonged downtrend.
How do you trade Three White Soldiers?
Why does the Three White Soldiers pattern work?
The Three White Soldiers is a powerful bullish pattern consisting of three consecutive large bullish candles. Each candle should open within the previous candle's body and close near its high, producing a staircase-like progression. The pattern indicates sustained, progressive buying pressure and is typically found at the end of a downtrend or after a consolidation period.
The ideal Three White Soldiers has specific characteristics: (1) three candles of similar or increasing size, (2) each open is within the previous body (overlap), (3) each close is near the candle's high (minimal upper shadow), (4) volume increases progressively across the three candles. When all four conditions are met, the pattern represents a textbook bullish takeover.
However, there's a critical caveat: three very large consecutive bullish candles often indicate short-term overbought conditions. After a Three White Soldiers pattern, a pullback or consolidation is normal before the trend continues. Entering immediately after the third candle means buying at extended levels — a more professional approach is to wait for a pullback to the first or second candle's area and enter on the resumption of the move. This 'buy the dip after the soldiers' approach often provides better entries and tighter stop-loss placement.