Three White Soldiers Pattern: Shape, Meaning, and Examples on Crypto Charts
Schematic of the Three White Soldiers shape. What matters is the proportion of body and wicks, not the price figures.
Three White Soldiers pattern shape
- Three up candles in a row, each with a reasonably thick body.
- Each candle opens inside the previous candle's body, rather than jumping far above it.
- Each candle closes higher than the previous close, with an upper wick no longer than its body.
General meaning
Three neat, gradual periods of advance: price rises without jumps, and each period closes near its own high. The short upper wicks show a rise that wasn't rejected at the end of the period. What it records is the orderliness of the rise, not how far the rise will continue.
Where it usually appears
Often appears at the start of an up move after a long, narrowing price range, and after a period of consolidation comes to an end.
Worth noting. After three big up candles, price has already moved far from where the sequence started. The pattern describes what has already happened, not what comes next.
See live detection on the chart
The CryptoHalley chart engine marks Three White Soldiers automatically with id three_white_soldiers, no extra indicator needed. Open the chart and browse the labeled candles.
FAQ
- Why do the upper wicks have to be short?
- A long upper wick means part of the rise within that period was rejected before the close. The short-wick condition filters out sequences that look like they're rising while each period actually ends well below its high.
- Are three ordinary up candles enough?
- Not yet. Besides rising, each candle must open inside the previous candle's body, close higher, have a body at least 0.4 times the window's average body, and have a short upper wick. These conditions discard messy up sequences.
- What's the opposite?
- Three black crows: three consecutive down candles with exactly mirrored rules.