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 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 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.
Yes I commented on that
SPX Three White Soldiers
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!