Triple candlestick patterns: three soldiers and crows

Before reading this lesson, you should have previously read through:

The video player is loading...

Three soldiers candlestick pattern

The three soldiers pattern is a reversal pattern. It is also sometimes called the “three advancing soldiers” or “three white soldiers”. It is found at the end of a downtrend and it is a clear indication of a shift in the balance from the sellers to the buyers.

The three soldiers pattern forms as follows:

  1. After a downtrend, there are three consecutive bullish candlesticks.
  2. The bodies of the second and the third candlesticks should be of approximately the same size – if the third candlestick is visibly smaller than the preceding two candles, this means that the buyers are not completely in control and may indicate weakness among the buyers.
  3. The candles have small or no upper wicks.

Three white soldiers

number_1 A three soldiers reversal pattern indicating a shift in power from the sellers to the buyers.

Below, you can now test your knowledge about three soldiers patterns with an exercise we prepared for you.

Exercise: Find the three soldiers pattern Show exercise

Three crows candlestick pattern

The three crows pattern, also referred to as the “three black crows”, is a reversal pattern found at the end of an uptrend.

The three crows pattern forms as follows:

  1. It consists of three consecutive bearish candlesticks.
  2. The bodies of the second and the third candlestick should be approximately the same size – if the third candlestick is visibly smaller than the preceding two candles, this means that the sellers are not completely in control and may indicate weakness among the sellers.
  3. They have small or no lower wicks.

Three black cows

number_1 A three crows reversal pattern indicating a shift in power from the buyers to the sellers.

Below, you can now test your knowledge about three crows patterns with an exercise we prepared for you.

Exercise: Find the three crows pattern Show exercise

Looking for a mentor?

Matthias from our Tradimo Premium team will design a learning plan tailored to you that gives you access to new courses and live webinars every month as well as priority private email support.

Order our Tradimo Premium Service now

Additional considerations

The three soldiers and three crows pattern provide very strong signals, however, you should bear the following in mind:

Overextended bodies

Considerations: Take care when you see an overextended body, as this could mean an overbought or oversold market. Also, do not seek a candle that only has a body and no wicks within these patterns as they rarely occur.

An overextended body within the pattern might mean that the price has advanced too quickly and the market could be overbought or oversold. You should take care when considering a trade based on this.

Caution with wicks

Do not seek perfect Marubozu candlesticks (a candlestick that only has a body and no wicks) within these patterns as they rarely occur. However, if the wick of any of the candlesticks forming the pattern (especially the second and the third candles) is equal or longer than one of the bodies, then caution is advised when perceiving it as a three soldiers or three crows pattern.

We have some more exercises for you to check if you remember everything from this lesson.

Exercise 1: Spot the triple candlestick patterns Show exercise
Exercise 2: Spot the triple candlestick patterns Show exercise

Summary

So far, you have learned that ...

  • ... the three soldiers and the three crows are reversal patterns.
  • ... the three soldiers consist of three consecutive bullish candlesticks after a downtrend that have approximately the same size and small or no wicks.
  • ... the three crows consist of three consecutive bearish candlesticks after an uptrend that have approximately the same size and have small or no wicks.

Looking for a Top Broker? Sign up through Tradimo & get extra benefits!

eToro Plus500 Markets.com FXFlat

See all top brokers


  • In both the screenshots, specifically the first candle of the highlighted three, seem to have long enough wicks to go against the third rule of the pattern formation. Am I missing something here?
  • Hi Bottletorch,

    I can see where the confusion comes from!
    The wicks on those candles though are relative to their bodies.
    I agree long and short is a bit of a subjective term but see it this way if you have a wick which is 5 times the size of the body that could be considered long.
    Here the wicks are not even half the size of the body so you can view them as being relatively short.
    i will escalate this though as i can see where the confusion comes from.

    Regards,
    Timothy
  • hi Bottletorch,

    You are right there, however candlestick reading is always done with a small amount of discretion and these rules are used by many as guidelines only. With the images we try not to give textbook examples that are perfect, rather real life examples that are harder to identify.

    With a bit of practice i am sure you can develop your own rules that you can follow in your trading.

    Good luck,
    H
  • Wow that was incredibly fast, thanks timothy happy. Would be helpful to have a general rule of what is considered long or short.
  • That's understandable hindsighthero, thanks for the quick reply too!
  • Bottletorch:
    Wow that was incredibly fast, thanks timothy happy. Would be helpful to have a general rule of what is considered long or short.

    Yes if there was a general rule would be nice... but there rarely is in trading...
    I read many trading books where the examples brought up rarely resembled the theory. What really helps in these circumstances is to get hands on tips by experts and to go through examples. That's what we have our coachingsfor to give you the opportunity to see analysis in live and let your own questions be answered by experts.
  • Hi Bottletorch,

    So I had a chat with Dean our education manager about this and he decided you were right.
    so i switched the screenshots for different examples.
    Thank you for the feedback wink
  • Dear Brother I want to know in which time frame you choose for trading. I am see this is on D1 but for the beginners your training suggested to see the M30. here I have little confusion.
    please suggest me.
  • Hello ebizripan,
    Keep in mind that patterns in larger timescales may predict more significant changes.
    This candlestick pattern can be applied to M30 as well, prediction of price movements
    however may be limited to a shorter period compared to a D1 chart.
  • in candlestick i do not take things really precisely but in three crows first picture ,
    the third candlestick is kind of smaller than the second candlestick ( i know things should not be exactly ) but looking at first candlestick and see how much difference between third and first candlestick , that clearly show losing momentum
    and the main criteria for three solider and three crows is increasing momentum or at least not have decreasing in momentum in my view
  • Basing just on this pattern can I build a trade ?
    Like Entry point after 3 soldiers, stop loss below 3 of them and take profit 1-1 , equal to the length of the 3 candles together ?
    Let say I have RSI oversold additionally.
    That is a good set up for a trade ?
  • Hi Harnas,
    It is a good start to consider these as a start, however you also want to include support & resistance as a tool. Remember it helps you to identify areas where price has bounced or broken out in the past and this could affect how price reacts there is the future.

    Traders normally look for around 3-5 things to come together for a trade: RSI and candlesticks are 2 great way to build a strategy. Check out how to build a strategy:
    http://en.tradimo.com/learn/trading-strategies/trading-with-an-edge/

    Regards.
    Peter
  • Most of the chart patterns(if not all) mentioned here seems to give a reverse signal. Are there not more chart patterns to provide continuation trend?

    Also, may I know the purpose of these patterns?Is it to confirm whether or not we have employed the right strategy?

    Thanks,
    Gunesh
  • Hi Gunesh,
    Continuation candlestick mostly involve long bullish or bearish candlesticks like you can see it in a breakout. They signal momentum which in turn indicates that the move may continue. To join these moves you can simply buy or sell on a long candle or try to join the move on lower time frame using reversal candlesticks.
    Hope that makes sense.
    Regards.
    Peter
  • Thanks Peter.
    I suppose the purpose of these chart patterns is it to confirm whether or not we have employed the right strategy. Will I be in right in saying this?
  • Not sure. Candlesticks are just a little part or a tool in a strategy in my opinion. Only long term results can tell whether we have a viable strategy.
  • Tradimo is the best..i have never seen anything like it!thank u for teaching me so much

Register Now - It's free!

By clicking on the "Get instant access" button, you agree that you have read, understood, and accepted the Terms & Conditions.
Or