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Tuesday, May 14, 2024

Improve Your Market Timing: Three White Soldiers Candlestick Pattern

 Courtesy of MarketTamer

  • Three White Soldiers is a bullish reversal pattern consisting of three reasonably long white real bodies.
  • The pattern is the inverse of Three Black Crows.
  • Each session opens inside of the real body of the prior candle and then proceeds to trade higher.
  • Each session should close at or close to the high of the candle.
  • The nature of the bullish move is evidenced by some selling pressure which is overcome by the end of the day by the bulls and creates more of a balanced and sustainable up move.
  • We’re Back In A Range

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