Three White Soldiers - Hit & Run Candlesticks
Updated
Hello everyone,
lets take a look on Monthly SPX chart as we got Three white soldiers pattern forming.
Although the Three White Soldiers is a very rare reversal pattern, it performs reliably and is certainly worth your while!
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.
Meaning
So what does it mean when Three White Soldiers suddenly appear on your chart? Well, as already mentioned this pattern appears after a downtrend. The bears are exhausted, and the bulls are able to push the price upward. They continue this ascension for three trading sessions, forming a strong reversal. Their continuous progression conveys their strength, and it shifts the market from a bear market to a bull market.
Like the Three Black Crows, this pattern is most useful for long-term traders. It is especially desirable and noteworthy if it is found at the end of a prolonged downtrend.
This type of price action is very bullish and should never be ignored.
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
lets take a look on Monthly SPX chart as we got Three white soldiers pattern forming.
Although the Three White Soldiers is a very rare reversal pattern, it performs reliably and is certainly worth your while!
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.
Meaning
So what does it mean when Three White Soldiers suddenly appear on your chart? Well, as already mentioned this pattern appears after a downtrend. The bears are exhausted, and the bulls are able to push the price upward. They continue this ascension for three trading sessions, forming a strong reversal. Their continuous progression conveys their strength, and it shifts the market from a bear market to a bull market.
Like the Three Black Crows, this pattern is most useful for long-term traders. It is especially desirable and noteworthy if it is found at the end of a prolonged downtrend.
This type of price action is very bullish and should never be ignored.
-------------
Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Trade closed manually
3 White shouldiers Monthly candle pattern played out nicely as expected. Note
Trade closed manually
Pattern played out 
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