Three White Soldiers
Categories: Financial Theory, Trading
It's a candlestick pattern.
Three trading days. Three long candles with short shadows progressing upward like they’re walking up stairs. What does it all mean? It means the three white soldiers are here, and the stock we’re looking at might be on the verge of a bullish breakthrough.
This pattern usually indicates that people are getting stoked big-time about a security after hating on it for a while. It’s a strong downward trend reversal signal, which means that it might be a good time to do some buying and selling. Of course, it’s not the only thing we should look at. But it is a nice complement to other analyses and indicators, so if we’re whiling away the hours checking out candlestick charts, and we see three white soldiers standing there looking dashing...we might want to consider making some investment moves.
