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Technical Analysis & Chart Patterns

Three White Soldiers

Three consecutive rising candles with substantial bodies, each opening within the previous body and closing near its own high.

How it is identified Test: three consecutive candles with Close > Open, each Open inside the previous body, each Close near its own High
Unit qualitative

In depth

The formation describes three sessions of sustained buying without meaningful intraday give-back, which is a genuine description of persistent demand rather than a single period's shape. The two supplementary conditions — opening inside the previous body and closing near the high — are what distinguish it from three ordinary up days, and omitting them makes the term meaningless. Practitioners note that by the third candle a considerable move has already happened, so entering on completion means buying after the described strength. The entry defines the formation and forecasts nothing.

Worked example

Candles of ₹480 to ₹496, ₹491 to ₹510 and ₹505 to ₹524, each closing within ₹2 of its high. Price has advanced 44 / 480 = 9.2% by the time the third candle completes.

Illustrative figures, chosen so the arithmetic is easy to follow. Not a live price and not a valuation of any company.

Educational reference only

This entry explains what “Three White Soldiers” means. It is not investment advice and not a recommendation to buy or sell any security. Any numbers above are illustrative, not live prices, and nothing here predicts price direction or rates a stock. Consider your own circumstances and consult a SEBI-registered investment adviser before acting.