Three white soldiers and three black crows
Three White Soldiers
Section titled “Three White Soldiers”The “Three White Soldiers” pattern is three green candles with a gradually rising price. If the pattern is formed after a correction or consolidation, it often signals a rising market.
Formation Conditions
Section titled “Formation Conditions”- Each new candle opens close to the previous one’s closing price.
- Each candle closes at or near the high.
- The pattern most often appears at the bottom of a trend, after a corrective decline.
How to avoid false signals
Section titled “How to avoid false signals”-
Set up the bot after breaking resistance on the chart.
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Watch for a small red candle on the daily timeframe (1D) to appear after 2-3 days of growth.
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If the next 1-day candle opens below the previous close but closes a lot higher, the pattern is confirmed.
Three Black Crows
Section titled “Three Black Crows”The “Three Black Crows” pattern is a signal of a possible reversal toward a downtrend. The pattern consists of three large red candles arranged in a downward stair-step pattern with no distinct shadows.
How to interpret
Section titled “How to interpret”The pattern appears after an uptrend and indicates weakening buyers and the beginning of a bearish phase. Each new candle closes below the previous one, demonstrating a gradual buildup of selling pressure.
How to avoid false signals
Section titled “How to avoid false signals”-
Set the bot to target a local uptrend if it’s forming during a downtrend.
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Watch for three long red candles in a row – this is a possible entry signal.
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Confirm the signal with volume and price movement at key support levels.