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 combination, it is interesting to study the price movement itself. Along with logically understandable growth, there is also a return to the opposite movement, by the time the formation of the next candle ends. This fact can be observed by analyzing short Forex time frames .

In fact, there is a price difference between the cost of closing one candle and the cost of appearing a new one, but it is within the cost of the product, and therefore is not so pronounced.

Three white soldiers are not recommended to be used as turn signals at time intervals shorter than M15.

The main advantage of the model is that it is quite noticeable on the chart of the base currencies; a candlestick indicator .