Three White Soldiers â Three white soldiers is a bullish candlestick pattern comprised of three successive Bullish Green candlesticks with a medium to big body. Generally, the three candlesticks do not have extended upper or lower shadows. Again, the three bodies range in size from medium to huge. In other words, there will be no little bodies. A rather simple design. Three Greens in a Row.
Final Thoughts
You must first be able to interpret candlesticks and candlestick patterns in order to master technical analysis. If you're new to trading, you may create a free account on TradingView and study the chart for your favorite crypto asset. Several of the most successful traders maintain minimal charts and trade only on price movement and volume.
How did you get this image of a hammer over here? Very straightforward. Take the first candle; its opening price will be the hammer's starting price. The closing price of this second candle, which is now open, will be the hammer's closing price.
Pattern of the Hammer Candlestick
It is a single candlestick pattern that indicates a likely upward reversal. The Hammer is most often observed after an extended downturn. The market will be skewed to the sell-side on the day this pattern forms. As the candle burns out, the market rebounds and closes at the same level, if not slightly higher.
