The Three Advancing White Soldiers

The Three Advancing White Soldiers, which is sometimes referred to simply as the Three White Soldiers, the Advance Block and the Stalled Pattern are three similar candlestick patterns thatconsist of three bullish candlesticks. These are three moderate trend reversal patterns. The Three Advancing White Soldiers usually indicates a weakness in an established down trend and the potential emergence of an uptrend. However, the Advance Block and the Slatted Pattern have bearish connotations, and indicate possible weakness in an uptrend.
Three Advancing White Soldiers

The Three Advancing White Soldiers pattern is the opposite of the Three Black Crows pattern. It is called the Three Advancing White Soldiers patternbecause it consists of three relatively long bullish (advancing) candlesticks that are light in color. Each of the three candlesticks should close on or near the high price for the period and, with each candlestick making steady advances in price. Each candlestick should not have long upper shadows or wicks and should preferably open within the real body of the preceding candlestick in the pattern, though the latter is not essential. When this pattern appears in a downtrend, it indicates the potential emergence of strength and a possible trend reversal. However, if the three candlesticks are over extended and make significant advances you may need to be wary of overbought conditions.