The Ultimate Guide to Three Advancing White Soliders Candlestick Patterns

Last updated: January 4, 2024

Three Advancing White Soliders Pattern

The three advancing white soldiers candlestick pattern is a series of three candlesticks, where each of the consecutive green candlesticks opens within the body of the previous candle but also closes higher than the previous candle:

Chart

General Identification & Interpretation

Steve Nison is credited with bringing Japanese candlestick charting to the West. In his book "Japanese Candlestick Charting Techniques" he describes three advancing white soliders patterns with the following characteristics:

Typical characteristics

• Each of the three candlesticks is long and green
• Each candle opens within the previous session's real body and closes near the highs for the day
• Potentially the candles may gap up from previous sessions' highs

Examples of use as a trading indicator

• If occurring around low prices for a given stock or around a stable price region, can signal future growth ahead. Keep in mind that the stock may have advanced significantly after the conclusion of this pattern.
• After a correction, the first or second green candle in this pattern may be support for the stock's next price move.
• The candles in this pattern closing near their highs can help indicate the strength of the rally: for example, the rally may be losing force if the stock is unable to close near its highs for the day

Other interpretations

• This pattern may also be called the three white soldiers pattern. Similar patterns occur where the second and/or third candles show additional pressure on the stock price (see also advance block and stalled pattern) which may indicate that the bullish trend is weakening.

More for beginners

Check out our quick start guide to candlestick charting for more information if you are new to candlestick charting!