SPX Three White Soldiers

    Posted by puma on 17th of Feb 2016 at 02:37 pm

    Unless we sell off into the close (unlikely) we will have printed Three White Soldiers

    I was just noticing the

    Posted by sbwoman on 17th of Feb 2016 at 03:48 pm

    I was just noticing the same thing. 

    Yes I commented on that

    Posted by steve on 17th of Feb 2016 at 03:49 pm

    Yes I commented on that earlier today...

    Steve, or Matt, please comment. thanks,

    Posted by te22 on 17th of Feb 2016 at 04:10 pm

    According to Investopedia: Three white soldiers is a bullish  candlestick  pattern that is used to predict the reversal of the current  downtrend . This pattern consists of three consecutive long-bodied candlesticks that have closed higher than the previous day, with each session's open occurring within the body of the previous candle

    Since the last two sessions have been gaps, the above-described definition does not appear to have been met.

    Steve, or Matt, if you could please comment, it would be appreciated.


    As far as the definition

    Posted by steve on 17th of Feb 2016 at 06:11 pm

    As far as the definition below regarding 3 white soldiers..gaps or not the SPX has 3 white soldiers.  This typically leads to follow thru OVER TIME (not necessarily immediately since often times price is quite overbought).  Again, it's just one signal the market is sending BUT one should primarily focus on making OBJECTIVE ENTRIES and EXITS in accordance with ones objectives. 

    ok then lets coin a new

    Posted by morton7 on 17th of Feb 2016 at 04:30 pm

    ok then lets coin a new phrase/candle stick pattern....three getty up cowboys!  it seems to me the gaps up are more bullish as they show buying pressure....time will tell.

    I like it!

    Posted by sbwoman on 17th of Feb 2016 at 05:31 pm

    I like it!

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