What are the formation conditions for Three White Soldiers?

A downtrend or consolidation must precede the pattern. Three consecutive bullish candles must appear. Each candle's close must be higher than the previous close. Each candle must open within the previous candle's body (preferably above the midpoint). Each candle must have a sufficiently large body. Each candle should close near its high (short upper shadows).

How to avoid false signals for Three White Soldiers?

An extremely long third candle (sharp rally) may indicate overheating and potential pullback. Long upper shadows in any candle indicate selling pressure. If the third body is clearly smaller than the first or second, upward momentum is weakening. Declining volume on the third candle requires caution. Near a major resistance line, upside may be limited.

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Three White Soldiers

Three White Soldiers / 三兵・陽線三本

BeginnerCandlestick PatternsBullish (Up)Reliability 72%

Pattern Formation

8 / 8 candles

Speed

Statistics

Target Hit Rate

66%

Average Move

14%

Failure Rate

15%

Avg Formation Days

3 days

Volume Confirmation Boost

+16%

Reference values based on Bulkowski's "Encyclopedia of Chart Patterns". Data is primarily from U.S. markets and may differ for other markets.

Explanation

A powerful bullish reversal pattern consisting of three consecutive large bullish candles. Each candle opens within the previous candle's body (preferably above the midpoint) and closes at or near the high. When appearing after a downtrend or consolidation, it signals the start of a strong uptrend. Known as a classic formation signaling a definitive trend reversal.

Formation Conditions

A downtrend or consolidation must precede the pattern
Three consecutive bullish candles must appear
Each candle's close must be higher than the previous close
Each candle must open within the previous candle's body (preferably above the midpoint)
Each candle must have a sufficiently large body
Each candle should close near its high (short upper shadows)

Entry Condition

Enter long at the next candle's open after the third bullish candle confirms. Or enter when price exceeds the third candle's high. Confirm the third candle has a sufficiently large body.

Target Calculation

Project the combined range of the three bullish candles upward from the third candle's close. Or target the nearest resistance line.

Stop Loss Rule

Place a stop-loss slightly below the first bullish candle's low. A tighter stop below the second candle's low is also possible.

Volume Profile

Ideally, volume gradually increases across the three candles. The most reliable pattern has the highest volume on the third candle. Declining volume indicates weakening upward momentum.

False Signal Detection

An extremely long third candle (sharp rally) may indicate overheating and potential pullback
Long upper shadows in any candle indicate selling pressure
If the third body is clearly smaller than the first or second, upward momentum is weakening
Declining volume on the third candle requires caution
Near a major resistance line, upside may be limited

How to Distinguish from Similar Patterns

Bullish Engulfing(Bullish Engulfing)
Three White Soldiers consists of three consecutive bullish candles. Bullish Engulfing consists of two candles (a bearish candle engulfed by a bullish candle).
Advance Block(Advance Block)
Three White Soldiers shows three strong bullish candles rising powerfully. Advance Block shows a long upper shadow on the third candle, indicating weakening upward momentum. Focus on the third candle's shadow.
Stalled Pattern(Stalled Pattern)
Three White Soldiers shows three strong bullish candles. Stalled Pattern has a spinning top (small body) as the third candle, indicating buyer hesitation. Focus on the third candle's body size.

Explanation

Formation Conditions

A downtrend or consolidation must precede the pattern
Three consecutive bullish candles must appear
Each candle's close must be higher than the previous close
Each candle must open within the previous candle's body (preferably above the midpoint)
Each candle must have a sufficiently large body
Each candle should close near its high (short upper shadows)

Entry Condition

Enter long at the next candle's open after the third bullish candle confirms. Or enter when price exceeds the third candle's high. Confirm the third candle has a sufficiently large body.

Target Calculation

Project the combined range of the three bullish candles upward from the third candle's close. Or target the nearest resistance line.

Stop Loss Rule

Place a stop-loss slightly below the first bullish candle's low. A tighter stop below the second candle's low is also possible.

Volume Profile

Ideally, volume gradually increases across the three candles. The most reliable pattern has the highest volume on the third candle. Declining volume indicates weakening upward momentum.

False Signal Detection

An extremely long third candle (sharp rally) may indicate overheating and potential pullback
Long upper shadows in any candle indicate selling pressure
If the third body is clearly smaller than the first or second, upward momentum is weakening
Declining volume on the third candle requires caution
Near a major resistance line, upside may be limited

Related Indicators

Volume RSI Moving averages MACD

Related Patterns

Bullish Engulfing Bearish Engulfing Doji Three Black Crows

Learn More

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How to Distinguish from Similar Patterns

Bullish Engulfing(Bullish Engulfing)

Three White Soldiers consists of three consecutive bullish candles. Bullish Engulfing consists of two candles (a bearish candle engulfed by a bullish candle).

Advance Block(Advance Block)

Three White Soldiers shows three strong bullish candles rising powerfully. Advance Block shows a long upper shadow on the third candle, indicating weakening upward momentum. Focus on the third candle's shadow.

Stalled Pattern(Stalled Pattern)

Three White Soldiers shows three strong bullish candles. Stalled Pattern has a spinning top (small body) as the third candle, indicating buyer hesitation. Focus on the third candle's body size.