Technical Glossary / Candlestick Patterns
Three White Soldiers
Three bullish candles in a row, each closing higher, with opens inside the prior body.
Teaching sketch. It shows the shape, not a live quote and not a trade signal.
Definition
Three white soldiers is a bullish continuation or reversal sequence. Three long bullish bodies step up. Each opens within the prior body and closes near its own high, making a new high close. Long upper wicks weaken the pattern. It should not be three tiny bars.
How to identify it
Three consecutive up closes, similar bodies, little upper shadow, each close above the last. Opens that gap far above the prior close are a different, more exhausted look.
Bullish reading
After a base, the sequence shows persistent demand across three periods. Traders treat a break of the first candle's low as evidence the sequence failed.
Bearish reading
Very extended soldiers, after a long rally, can be climactic rather than a fresh signal. Location decides whether it is strength or a late chase.
Common mistakes
Counting any three green candles, including small ones with long wicks. The bodies should be decisive and the closes near the highs.
Limitations
Three strong bars often mean you are late. Risk from the first low to the third close can be too wide for the account.
This note explains the term. A sketch shows the shape of the idea. Neither is a recommendation, a signal, or a comment on any security. Indicator settings and exchange conventions differ. Check the live chart and the contract specification before you use a number.