Candlestick combination “Three White Soldiers”  

One of the most significant for traders is the “Three White Soldiers” candlestick combination. For those expecting the emergence of an upward trend , this is an important sign.

This model often appears in the construction of currency price charts. The main signs of the appearance of which we can talk about the occurrence of this candlestick combination are a downward trend with three connected Japanese candlesticks having a long body with a direction across the main line.

All new candles open opposite the middle of the body of the past period, then the formation of the figure itself, which resembles a ladder in appearance, begins, after which the trend begins to rise.

If all candles close in the area of ​​the highest price in a short-term period, one of the signs to strengthen the signals occurs.

During the formation of the "Three White Soldiers" candlestick pattern, it's interesting to study the price movement itself. Along with the logical rise, there's also a reversal of the price movement as the next candlestick completes its formation. This can be observed when analyzing short- term Forex timeframes .

In fact, there is a price difference between the closing price of one candlestick and the price of the new one's formation, but it's contained within the price of the commodity and therefore less pronounced.

The Three White Soldiers pattern is not recommended for use as reversal signals on timeframes shorter than M15.

The main advantage of this pattern is that it is quite noticeable on the underlying currency charts; a candlestick indicator .