Three White Soldiers
Candlestick PatternsThree consecutive long green candles with progressively higher closes, each opening within the prior candle's body. It signals a strong bullish reversal or continuation.
What Are Three White Soldiers?
Three white soldiers is a bullish candlestick pattern made of three consecutive long-bodied green (bullish) candles. Each candle opens within or near the body of the previous candle and closes at or near its session high. The wicks are small, showing buyers maintained control throughout each session.
This pattern typically appears after a Downtrend or period of Consolidation and signals a decisive shift to bullish momentum.
Trading the Pattern
When three white soldiers form on EUR/USD at the end of a prolonged decline, it signals that buyers are consistently stepping in with force. Traders can enter long on the close of the third candle with a stop below the first candle's open.
Look for each candle to have a body that is roughly similar in size. If the third candle is noticeably smaller, it may indicate the rally is already running out of steam.
Watch for Exhaustion
If the three candles are exceptionally long and move a significant distance, the market may be overextended. This sometimes precedes a pullback rather than continued upside. Check whether the third candle reaches a key Resistance zone. If it does, consider waiting for a pullback before entering rather than chasing the move. The Three Black Crows is the bearish equivalent of this pattern.
Related Terms
Three Black Crows
Three consecutive long red candles with progressively lower closes, each opening within the prior candle's body. It signals a strong bearish reversal or continuation.
Morning Star
A three-candle bullish reversal pattern consisting of a large red candle, a small-bodied candle (often a doji), and a large green candle. It signals the end of a downtrend.
Bullish Engulfing
A two-candle bullish reversal pattern where a large green candle completely engulfs the body of the preceding red candle. It signals strong buying momentum after a decline.
Marubozu
A candlestick with a long body and no wicks (or very short ones), indicating complete dominance by either buyers or sellers throughout the session.