The three white soldiers candlestick pattern is an extremely bullish candlestick pattern that often ignites a new uptrend in a stock that was in a downtrend.
The picture above shows how the three white soldiers candlestick pattern looks like. After a period of downtrend or correction in the stock, the stock suddenly forms a large bullish candle which is followed by another 2 bullish candles that closes higher than the previous candles. Usually this kind of reversal happens at strong support areas where traders or investor will step in to buy the stock.
The daily chart of KMX above shows the appearance of the three white soldiers candlestick pattern after a period of downtrend. The candlestick pattern help end the downtrend and ignited a new uptrend in the stock.
As I said, the pattern often appears at weekly long term support. The above chart is the weekly chart of KMX. The three white soldiers pattern in the daily chart appeared at the weekly uptrendline support. When two time frames are in sync the stock reverses and go higher.
Mar 18, 19 09:23 AM
Analysis of what is going on in US stock market as well as highlights of some stocks that are forming significant patterns.
Mar 15, 19 01:07 PM
Apple is one of those stocks that we should look at almost every day. The reasons is because it is a component of the Dow Jones, the S&P 500 and the Nasdaq Composite. If Apple does well, it will be go…
Mar 15, 19 12:59 PM
Technical analysis and trend analysis of Bahvest stock price. Borneo Aqua Harvest.
Mar 15, 19 08:40 AM
So a friend asked me if Dayang will continue to go up. I guess many are wondering the same question as well. So let's take a look at what the charts are saying.
Mar 15, 19 08:30 AM
Let us take a look at the technical outlook and charts of WTK Holdings.