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    3 Candlestick Patterns - 3 White Soldiers - 3 Black Crows

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    skotte
    The document discusses two three-candlestick patterns: Three White Soldiers and Three Black Crows. [1] Three White Soldiers is a bullish pattern consisting of three long-bodied white candles that open within the previous candle and close higher, indicating a potential reversal from a downtrend to an uptrend. [2] Three Black Crows is a bearish pattern of three long-bodied black candles that open within the previous candle and close lower, suggesting a reversal from an uptrend to a downtrend. These patterns can help traders identify changes in market trends.

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    3 Candlestick Patterns - 3 White Soldiers - 3 Black Crows

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    skotte
    403 views3 pages
    The document discusses two three-candlestick patterns: Three White Soldiers and Three Black Crows. [1] Three White Soldiers is a bullish pattern consisting of three long-bodied white candles that open within the previous candle and close higher, indicating a potential reversal from a downtrend to an uptrend. [2] Three Black Crows is a bearish pattern of three long-bodied black candles that open within the previous candle and close lower, suggesting a reversal from an uptrend to a downtrend. These patterns can help traders identify changes in market trends.

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    3 Candlestick Patterns- 3 White Soldiers - 3 Black Crows

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    3 Candlestick Patterns- 3 White Soldiers - 3 Black Crows

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    The document discusses two three-candlestick patterns: Three White Soldiers and Three Black Crows. [1] Three White Soldiers is a bullish pattern consisting of three long-bodied white candles that open within the previous candle and close higher, indicating a potential reversal from a downtrend to an uptrend. [2] Three Black Crows is a bearish pattern of three long-bodied black candles that open within the previous candle and close lower, suggesting a reversal from an uptrend to a downtrend. These patterns can help traders identify changes in market trends.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    403 views3 pages

    3 Candlestick Patterns - 3 White Soldiers - 3 Black Crows

    Uploaded by

    skotte
    The document discusses two three-candlestick patterns: Three White Soldiers and Three Black Crows. [1] Three White Soldiers is a bullish pattern consisting of three long-bodied white candles that open within the previous candle and close higher, indicating a potential reversal from a downtrend to an uptrend. [2] Three Black Crows is a bearish pattern of three long-bodied black candles that open within the previous candle and close lower, suggesting a reversal from an uptrend to a downtrend. These patterns can help traders identify changes in market trends.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Here’s all you need to know about

    ‘Three Candlestick’ patterns


    In this session we will be discussing about Three candlestick type i.e
    Three White Soldiers and Three Black Crows
    Moneycontrol Contributor@moneycontrolcom

    Chandan Taparia
    Three White Soldiers are trend reversal patterns. It usually indicates a weakness in an
    established downtrend and the potential emergence of an uptrend, while The Three
    Black Crows pattern is a bearish reversal pattern that consists of three bearish
    candlesticks that are dark in color.

    ADVERTISING

    This is a moderate trend reversal pattern that should only come into consideration
    when it appears in a rally or an established uptrend

    1. Three White Soldiers (Bullish Pattern):

    Chandan Taparia
    Derivative & Technical Analyst|Motilal Oswal Securities
     Nifty could head towards 9,800 if it trades below 10,138 levels: Motilal Oswal
    Securities
     Expect roller coaster ride in expiry week with limited upside: Chandan Taparia
     Technical Classroom: How to read Bullish Harami and Bearish Harami patterns

    Three white soldiers is a bullish candlestick pattern that predicts the reversal of a
    downtrend. The pattern consists of three consecutive long-bodied candlesticks that
    open within the previous candle's real body and a close that exceeds the previous
    candle's high.

    Each of the three candlesticks should close on or near the high price for the period and
    with each candlestick making steady advances in price. Each candlestick should not
    have long upper shadows or wicks and should preferably open within the real body of
    the preceding candlestick in the pattern.

    When this pattern appears in a downtrend, it indicates the potential emergence of


    strength and a possible trend reversal.

    2. Three Black Crows ( Bearish Pattern) :


    Three black crows is a bearish candlestick pattern that is used to predict the reversal
    of the current uptrend. This pattern consists of three consecutive long-bodied
    candlesticks that have opened within the real body of the previous candle and closed
    lower than the previous candle.

    Each successive candlestick should mark a steady decline in price and should not have
    long lower shadows or wicks. Preferably, each of the three candlesticks should open
    within the real body of the preceding candlestick in the pattern but this is not essential.

    When this pattern appears in an uptrend, it indicates the potential weakening of the
    trend and a possible trend reversal.

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