Moneycontrol PRO
Loans
Loans
HomeNewsBusinessTechnicalsThree White Soldiers: Bullish Reversal Pattern

Three White Soldiers: Bullish Reversal Pattern

Three White Soldiers is a bullish reversal pattern and is opposite of three black crows. This pattern consists of three large consecutive green candles with close at or near their high levels.

August 24, 2011 / 11:19 IST

Three White Soldiers is a bullish reversal pattern and is opposite of three black crows. This pattern consists of three large consecutive white candles with close at or near their high levels. If the first candle appears at previous support level, then there may be more strength and gains.

It is good to trade the stock once third candle appears. The first two candles often provide support on pullbacks.

This pattern should be confirmed with previous support and resistance.

 

first published: Aug 18, 2011 04:49 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347