3 White Soldiers Candlestick Pattern

The 3 White Soldiers Candlestick Pattern is a pattern that signals a strong uptrend reversal. This pattern usually forms at the end of a strong downtrend.

This guide will show you how to recognize this pattern and how to trade using it on the IQ Option platform.

Identifying the 3 White Soldiers Candlestick Pattern

What are 3 White Soldiers candlestick?

The Three White Soldiers pattern consists of 3 bullish consecutive candles. They will usually appear at the end of a strong downtrend. The opening price of each candle is usually higher than the opening of the previous candle. In addition, the close of one candle is higher than the close of the previous candle.

three white soldiers - scheme iq option
Three White Soldiers pattern

For a valid 3 White Soldiers Candlestick Pattern to form, all three bullish candles must not be special (for example doji or pin bars).

What about the 3 Black Crows?

3 Black Crows candlestick formation is twin paternity to the one discussed today. Thus 3 Black Crows is a bearish reversal pattern. It requires an uptrend first. This trend is broken by 3 downward candles which have long bodies. If you want to know more, we have prepared an article describing the 3 Black Crows pattern in detail.

How to trade using the 3 White Soldiers Candlestick Pattern on IQ Option

three white soldiers eurusd

The 3 White Soldiers Candlestick Pattern is a bullish trend reversal pattern. So whenever you see them, you should place a long buy position. Using the chart above, I'm using 15-minute candles. This means that I can enter a buy position lasting 2 hours or more.

The best place to enter your buy position is on any of the three soldiers. However, it's best if you enter into a trading position with the first soldier. Of course, that would be best, but it is impossible. After all, when the market draws candles we do not yet know if and what, if any, pattern will be drawn. All that remains is to wait.

If a complete pattern appears on the chart, you have two options. The first is to take a buy position immediately after the close of the last of the 3 candles of the pattern. The second option is a little safer. The second is to take a buy position as soon as the market hits the top price of the pattern. At that point, the 3 White Soldiers are also considered to be confirmed.

How effective is the Three White Soldiers pattern?

There are various studies on the effectiveness of candlestick formations. However, there are no complete statistics that examine the performance of patterns across all assets and different time frames. However, it can be stated in some simplification that the 3 White Soldiers Candlestick pattern works as a bullish reversal in more than 80% of cases. That's quite a lot and no surprise here. The 3 strong upward candles show a clear advantage for buyers in the market. It is therefore worth taking advantage of this fact.

Now that you've learned how to identify and trade using the Three White Soldiers pattern, try it out on your IQ Option practice account. Share your results in the comments section below.

Good luck!

General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose

How useful was this post?

Click on a star to rate it!

Average rating 4.5 / 5. Vote count: 86

No votes so far! Be the first to rate this post.

As you found this post useful...

Follow us on social media!

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?


Bart Bregman

Fulltime Day trading, and help Iq option wiki in my spare time to build an awesome platform to help beginners out there. #digital-nomad, traveling all over the world. https://www.instagram.com/bart_bregman/

Leave a Reply

Your email address will not be published.

eight + 14 =