The candles of the pattern are ringed. An invented chart, drawn to show the shape. Not market data.
Also searched asthree advancing soldiers · three green candles · bullish continuation
How to recognise a three white soldiers
- Three rising candles of similar, healthy size.
- Each opens inside the previous body.
- Each closes near its high, with short upper wicks.
What it is taken to mean
It is read as steady, repeated buying. Traders take it as strength, and also as a warning that the price has already travelled a long way in three periods.
What traders check next
- How far the price now is from where the move began. That distance is the risk of joining late.
- Whether the third candle is smaller with a long upper wick, which is read as the advance tiring.
- Whether a level lies just ahead.
Where people go wrong
- Chasing: buying the close of the third soldier, with the sensible stop three candles away.
- Ignoring the pullback that commonly follows a fast three-candle run.
- Counting three small candles in a range as soldiers.
Questions people ask
- Why ‘white’ soldiers?
- On the original black-and-white charts a rising candle was drawn hollow, or white. Today it is usually green.
- Should you buy after three white soldiers?
- The pattern does not say. It records three strong periods. Whether a fourth follows is not known, and a late entry carries a distant stop.
The words on this page
An explanation for study. It is not advice, a recommendation or a forecast, and a pattern or a situation described here says nothing certain about what a price will do next.