Friday, July 9, 2021

Three White Soldiers and White Marubozu Candlestick Patterns

 

Three White Soldiers:


The Three White Soldiers is multiple candlestick pattern which is formed after a downtrend indicating bullish reversal.


These candlestick charts are made of three long bullish bodies which do not have long shadows and open within the real body of the previous candle in the pattern.




White Marubozu:

 

The White Marubozu is a single candlestick pattern which is formed after a downtrend indicating bullish reversal.


This candlestick has a long bullish body with no upper or lower shadows which shows that the bulls are exerting buying pressure and the markets may turn bullish.


At the formation of this candle, the sellers should be caution and close their shorting position.


Happy Trading & Happy Investing

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