Three White Soldiers (3WS)

Question 1

What is the Three White Soldiers Candlestick Pattern?

Answer 1

The three white soldiers are a bullish candlestick formation seen on candlestick charts that occurs at the bottom of a bearish trend and indicates that the price could soon reverse.

Question 2

How to Identify and Use the Three White Soldiers Pattern in Trading?

Answer 2

• To identify the three white soldiers’ candlestick pattern, you need to find three consecutive bullish candles that appear at the bottom of a downtrend.
• In addition, each candle must have a relatively long body and opening price above the closing price of the previous candle, ultimately creating the shape of the “V” letter.