Candlestick combination “Three White Soldiers”  

One of the most significant candlestick patterns among traders is the "Three White Soldiers" candlestick pattern. For those expecting an uptrend , this is an important sign. This pattern often appears in currency price charts.

The main signs that indicate the emergence of this candlestick pattern are a downward trend with three connected Japanese candlesticks, each with a long body extending across the main line.

All new candlesticks open opposite the midpoint of the previous period's body, then the pattern itself forms, resembling a staircase, after which the trend begins to rise.

If all candlesticks close in the area of ​​the highest price in the short term, one of the signs that signals are strengthening 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 .