Mon. Oct 3rd, 2022

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Triple Candlestick Patterns

2 min read

The three inside up pattern is analogous to the daystar triple candlestick pattern – it indicates a possible trend reversal found at the top of a downtrend.

The three inside down candlestick pattern is that the opposite of the three inside up pattern and indicates a trend reversal found at the top of an uptrend.

The three white soldiers and black crows are another sort of three-candlestick pattern. Instead of signaling a reversal, compared to many other patterns we’ve looked at, the white soldiers and black crows are used to confirm a trend. Both patterns occur after there’s been an extended trend and a period of consolidation following that trend.

The three white soldiers pattern can appear after an extended downtrend and a period of consolidation. The first candlestick of the chart pattern that must appear may be a bullish candlestick with an extended body. The next candlestick in the pattern is another bullish candlestick, but this candlestick needs to have a body of greater size than the first candlestick. This second candlestick also needs to have little to no shadow. The last candlestick is another bullish candlestick that needs to be equal or greater length of a body than the second candlestick.

The three inside up and down candlestick patterns are the last quite triple candlestick patterns. Both signal the reversal of a trend. The three inside up pattern occurs after a recent downtrend and signals for a reversal to an uptrend.

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