Glossary · Candlestick patterns

Three white soldiers

Three consecutive long bullish candles, each opening within the previous body and closing near its high — a picture of strong buying.

By Sky Trade editorial teamUpdated

Three white soldiers are three bullish candles in a row, each with a sizeable body, each opening within or near the previous body and closing near its high with little upper wick. The pattern typically appears after a decline or a consolidation and is read as a decisive shift to buying momentum.

Its strengths and weaknesses are both about size:

  • Moderate, even candles with small wicks suggest steady demand.
  • Very large candles can mean the move is overextended, and late buyers often buy the top of a short-term spike.
  • Growing upper wicks on the second or third candle show selling pressure building; some traders call that variant an advance block.

The classic misconception is that the pattern predicts further gains. It describes a rise that has already happened. After three strong candles the next move is often a pullback, which is why many traders wait for one before entering.

For Higher/Lower trades, opening Higher right after the third soldier means buying at the most stretched point. On OTC instruments such sequences occur by chance. See three white soldiers and three black crows.

Example

EUR/USD M5 candles close at 1.0812, 1.0826 and 1.0839, each opening inside the previous body and closing within a pip of its high. Price then pulls back to 1.0828 before resuming upward.

Learn more in the academy

Related terms

Practise first, then decide

Every Sky Trade account comes with a $10,000 demo balance on the same prices and payouts as the real account. Create an account or read how the demo works.