The Three
White Soldiers pattern evolves when the markets suffer from low prices for a substantial period of time.
The SPY started the week by completing a Three Advancing
White Soldiers pattern followed by a Harami, an indecision candle and often bringing a reversal, only to continue higher ending the week at new all - time highs.
Not exact matches
We also have the three bar reversal
pattern, and dozens of three bar candlestick
patterns like three
white soldiers and three black crows.
The three black crows and three
white soldiers price action
pattern are both reversal
patterns that form at the peak (sell signal) and bottom (buy signal) of a trend respectively.
The most popular
patterns are: Spinning Top, Doji, Hammer (Pin Bar), Shooting Star, Morning Star, Three
White Soldiers, Dark Cloud Cover and Evening Doji Star.