The Three White Soldiers is a candle stick 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 Three White Soldiers candle pattern
The Three White Soldiers pattern consists of 3 bullish consecutive candles. They will usually appear at the end of a strong downtrend. The open of each candle is usually higher than the open of the previous candle. In addition, the close of one candle is higher than the close of the previous candle.
How to trade using the Three White Soldiers pattern on IQ Option
The Three White Soldiers 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 30 minutes 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 trading position on the first soldier.
We are sorry that this post was not useful for you!
Let us improve this post!
Tell us how we can improve this post?
Download this article as PDF. (English)Enter your Email Address