11 January 2021
Glossary
Three white soldiers
Three white soldiers

A candlestick pattern indicating a continuation of an upward trend. As is often the case in Japanese technical analysis, the military theme is slipping – in this case, the association with the continuation of the attack on the enemy.

A candlestick pattern indicating a continuation of an upward trend. As is often the case in Japanese technical analysis, the military theme is slipping - in this case, the association with the continuation of the attack on the enemy.
The basic rules for the formation of this pattern: it consists of three medium-length candlesticks, in which the closing prices rise sequentially. Also, the pattern appears either after an upper trend followed by a short-term flat or after an uptrend with a slight slope (low growth rate).
This pattern means strengthening of the existing trend or its continuation after a pause. It means that the trend was present until a certain time, but slowed down, or was initially rather sluggish. Growth for three sessions tells of the strength and determination of the sellers, and the upward movement is likely to continue.
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