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Three white soldiers indicate a bullish trend from "summary" of Japanese Candlestick Charting Techniques by Steve Nison
The three white soldiers pattern is a highly reliable bullish reversal signal. This pattern consists of three long white (or green) candlesticks that open within the previous candle's real body and close at new highs. Each candlestick in the pattern should have little to no wicks, indicating strong buying pressure throughout the session. The open of each candlestick should be above the previous candle's close, showing a continuation of the uptrend. The three white soldiers pattern suggests that the market sentiment has shifted from bearish to bullish. As each candlestick in the pattern closes at a higher price, it demonstrate...
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