Three White Soldiers

A less powerful reversal pattern which occurs in a DownTrend.
 
Three white candlesticks with consecutively higher closes that close near or at their high prices.

 

Recognition Criteria:

·       DownTrend
·       First line is Long White
·       Second line is Long White
·       Third line is Long White
·       Upper shadow lengths of the lines are less than N percent of the total line range (High-Low)
·       Closing price of the second line is higher than the first line’s.
·       Closing price of the thirdline is higher than the second line’s.

 

Function: ThreeWhiteSoldiers()

Trend: Bullish

Type: Less Powerful Reversal