🎁Technical Analysis -- Episode 5: Three White Soldiers

Tiger_Academy
2023-06-13
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Technical Analysis -- Episode 4: Three Black Crows(Click here to learn)

Three White Soldiers is a classic technical analysis pattern in stocks, which usually appears after a price decline and signals a potential reversal to an uptrend.

Generally speaking, "Three White Soldiers" is a bullish pattern.

This pattern consists of three consecutive bullish candles, with each candle's opening price within the body of the previous candle and the closing price near the day's high.

This pattern symbolises increasing buying pressure and decreasing selling pressure, indicating a shift from bearish to bullish sentiment.

Three White Soldiers have the following features on the technical chart:

  1. Continuity: Three White Soldiers must appear consecutively, with each candle's opening price within the body of the previous candle and each candle's closing price higher than the previous one.

  2. Volume: The volume of the three candles should gradually increase (or show an increasing trend), indicating growing market confidence in the uptrend.

  3. No or minimal upper shadows: Each candle of the three should have no or minimal upper shadow, indicating lower selling pressure and a dominant buying trend.

Let me give you an example to better understand Three White Soldiers:

Amazon (AMZN):

On March 16, 2022, after a period of decline, Amazon formed a Three White Soldiers pattern with an overall increase in trading volume, indicating increased bullish strength and a potential future upward trend. Subsequently, Amazon's stock price experienced a certain degree of uptrend.

Regarding the Three White Soldiers pattern, you should pay attention to the following:

  1. Confirmation signal: Three White Soldiers pattern requires three consecutive bullish candles to confirm the formation. You should consider entering the market after confirming the pattern.

  2. Confirmation of volume: When the Three White Soldiers pattern appears, the trading volume should show an overall increasing trend. If the volume does not increase, the reliability of the pattern will decrease.

  3. Stop loss: After entering the market, you should set a stop-loss point to reduce losses in case of market reversal or misjudgment.

When judging the Three White Soldiers pattern, you should combine other technical indicators and fundamental analysis of stocks to make comprehensive judgments to better grasp the market trend.

That's all about the knowledge of the Three White Soldiers technical pattern! We welcome you to join the activity and win prizes!

【Reply to Win Rewards】

Tigers who select the right chart pattern of the Three White Soldiers from the following three figures will receive 5 Tiger Coins. (Please comment on the stock or the photo directly)

Figure 1Figure 1

Figure 2Figure 2

Figure 3Figure 3

Tigers who share stocks of chart out of the following options will be rewarded with 10 Tiger Coins.

【Event Duration】

13 June 2023--20 June 2023

In the next issue, we'll introduce another useful technical pattern, Head and Shoulders, which will make your stock trading easier and simpler after you learn it!

Technical Hunter
Technical analysis: Classic chart patterns for stock picking.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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Comments

  • koolgal
    2023-06-13
    koolgal
    The answer is clearly Figure 2.  Thanks @Tiger_Academy for your wonderful lesson on Three White Soldiers technical analysis. 😍😍😍 @Derrick_1234 @Thonyaunn @CL_Wong @MeowKitty @Shyon @AlpineSnow @SuccesInvst @firefirefire please join me in answering  this simple question to earn more Tiger Coins 😍😍😍
  • Shyon
    2023-06-13
    Shyon
    Figure 2 is the correct example! I tried and spotted three white soldiers for META chart.

    Come and join the learning course guys @melson @LMSunshine @GoodLife99 @Aqa @Universe宇宙 @koolgal @rL

    • ShyonReplyTiger_Academy
      Alright! Thanks
    • Tiger_Academy
      Sorry, we have some technical problems in the background, I will reply to the user ID one by one, and then our IT colleagues will issue tiger coins. Please wait patiently, thank you!
    • ShyonReplykoolgal
      Hehe nice one
    • koolgal
      Thanks for sharing your awesome insights 😍😍😍🌈🌈🌈
  • LMSunshine
    2023-06-15
    LMSunshine
    Figure 2 Thanks loads @Tiger_Academy Love this teaching series❣️By the way the Tiger coins shows null reward until 1/1/1970
    • LMSunshineReplyTiger_Academy
      No prob! Thanks loads @Tiger_Academy ❣️
    • Tiger_Academy
      Sorry, we have some technical problems in the background, I will reply to the user ID one by one, and then our IT colleagues will issue tiger coins. Please wait patiently, thank you!
    • CL_Wong
      Yes, 1/1/1970 😂
  • Aqa
    2023-06-14
    Aqa
    Figure 2 is the “Three White Soldiers”. stock chart of TSLA with the Three White Soldiers. Bullish! Bullish! Thanks @Tiger_Academy for Technical Analysis — Episode 5: Three White Soldiers Thanks for tag @Kok
    • Tiger_Academy
      Sorry, we have some technical problems in the background, I will reply to the user ID one by one, and then our IT colleagues will issue tiger coins. Please wait patiently, thank you!
  • Ah_Meng
    2023-06-15
    Ah_Meng
    Thanks @Tiger_Academy for showing the technical indicator. The correct answer for three white soldiers is Figure 2. Come and learn @Tigress02 @LMSunshine
    • Tiger_Academy
      Sorry, we have some technical problems in the background, I will reply to the user ID one by one, and then our IT colleagues will issue tiger coins. Please wait patiently, thank you!
  • Tiger_Academy
    2023-06-19
    Tiger_Academy

    Sorry, we have some technical problems in the background, I will reply to the user ID one by one, and then our IT colleagues will issue tiger coins. Please wait patiently, thank you!

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