Three White Soldiers, also called Three Advancing White Soldiers, is a bullish candlestick pattern that often signals a reversal of the current downtrend. This pattern consists of three consecutive long-bodied candlesticks that have closed higher than the previous day.

three-white-soldiers-candlesticks-pattern-2

The classic definition requires that each session’s open occurs within the body of the previous candle. I have found that definition to be too rigid. In the example above, each day occurs with a gap up open which is even more bullish. If the idea is to time a downtrend reversal, how can an even more bullish gap up open three days in a row be less valid in terms of timing a downtrend reversal? It can’t in my opinion. Nevertheless, I wanted you to know that I’m deviating from the classic definition.

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