Three white soldiers candlestick pattern is one of the most powerful candlestick pattern that signals the buyers domination and their active participation in the market. You can easily use and identify this candlestick pattern at the IQ Option trading platform and make some big bucks out of it.
- Three white soldiers is a bullish candlestick pattern that represents buyer domination and their participation in the market.
- This is one of the most reliable patterns which can give you good trades when combined with other technical indicators like RSI, or Stochastic.
- This pattern is just the opposite of three black crows, which represent the active participation of sellers in the market.
About Three White Soldiers Candlestick
The Three white soldiers is a bullish candlestick pattern that signals a strong bullish trend and active participation of buyers for the security. This candlestick pattern consists of three bullish or green candles where the first candle is a small bullish candle. The second candle with the close near the previous candle high and is slightly bigger than the first candle. Similarly, The Third candle with a close near the previous candle high and is slightly bigger than the second candle.
It is to be noted that the three white soldiers candlestick pattern forms after a strong downtrend and consolidation.
How to find the three white soldiers candlestick pattern at IQ Option trading platform
This candlestick pattern is really easy to recognise. However, This candlestick pattern won’t form frequently. Therefore, It is really important to use this pattern properly and make good bucks out of it.
As you can see above all the three candles are green in colour with one after another just like a staircase. The opening and closing of the following candle are higher than the opening and closing of the former candle.
As I said above that the three white soldiers is really easy to identify. It is developed after a strong downtrend and signals a strong bullish trend.
As you can see above I was trading in the EUR GBP chart and I notice a very good three white soldiers after a good downtrend. Here, I can easily make a buy trade for 30 minutes or even longer. Make sure to use a high time frame chart while trading.
Homework for you
I have covered almost everything about the candlestick pattern and bye you must have understood almost everything about this pattern. You can easily recognize this candlestick pattern even in the IQ Option demo account. I will highly suggest you test your skills and practice this trading strategy in the IQ Option demo account. You will get $10, 000 free virtual cash for practice and later shift to the IQ Option real account once you are confident enough about your trading skills.