Candlestick chart patterns

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Bearish Counter-Attack Lines
Bearish Engulfing Pattern
Bearish Harami
Bearish Hikkake Pattern
Bearish Multi-Harami Pattern
Bearish Separating Lines
Bearish Star
Belt hold line (Marubozu)
Belt-Hold line-Yorikiri-Bearish Pattern
Belt-Hold line-Yorikiri-Bullish Pattern
Bullish Counter-Attack Lines
Bullish Engulfing Pattern
Bullish Harami
Bullish Hikkake Pattern
Bullish Kicker Candlestick Pattern
Bullish Multi-Harami Pattern
Bullish Separating Lines
Bullish Star Pattern
Butterfly Doji
Channels
Coiling Inside Bar
Cup and Handle
Dark Cloud Cover Pattern
Doji Pattern
Doji Star Candlestick Pattern
Double Inside Bar
Downward Gap Tasuki
Flags and Pennants
Gravestone Doji
Hammer & Hanging man Pattern
Head and Shoulders and Inverted Head and Shoulders
Inverted Hammer & Shooting Star Pattern
Ladder Bottom
Ladder Top
Long-legged Doji
Mat-Hold Pattern
Mega Bearish Engulfing
Mega Bullish Engulfing
Multi Inside Bar
Negative Bias Candle
Piercing Pattern
Positive Bias Candle
Raindrop
Rickshaw-man Doji
Rounding Bottom
Side-by-side Green lines - Bearish
Side-by-side Green lines - Bullish
The Evening Star
The Falling Three Pattern
The Morning Star
The Rising Three
Three Advancing Soldiers
Three Black Crows Pattern
Three Inside Out Pattern - Bearish
Three Inside Out Pattern - Bullish
Three Line Strike Pattern - Bearish
Three Line Strike Pattern - Bullish
Three Outside Up Pattern - Bearish
Three Outside Up Pattern - Bullish
Three River Bottom Pattern
Trend Angles: 45 Degree Trendline
Trendlines
Triangles
Upside Gap Two Crows
Upward Gap Tasuki
Wedges: Rising and Falling Wedges
Windows

Three Advancing Soldiers

Three Advancing Soldiers is a three-candle bullish continuation pattern.

The first candle of the pattern is a strong bullish candle. The open price of the next candle is within the body of the previous bullish candle. It closes higher than the previous candle high and turns out to be another bullish candle. The next candle also opens within the body of its previous candle and closes higher than the previous candle high. This formation is known as a Three Advancing soldier candlestick pattern.

Therefore, the Three Advancing Solider is a series of three bullish candlestick patterns. The Middle and last candle opens within the bullish body of the previous candle and closes higher than the high price of previous candle.

This formation is bullish and shows the strength of the bulls.  But at the same time, it also shows indicates exhaustion because price has been going up in last three sessions. There is a possibility of at least a pause. If this pattern is followed by a price consolidation or sideways and price corrects to the body or low of middle candle, then it provides a bullish pullback trade opportunity of buying at retracement when the price pattern is bullish. The stop-loss for the trade can be placed at the low of first candle of the pattern.

In real life, you may not get the same size bullish candles in the advancing soldier pattern. The body of the bullish candles shouldn’t be narrow to qualify for this pattern. If the body of the third candle is narrow, it indicates the possibility of the exhaustion. The chances of sideways of consolidation are more in such cases.

Click here to learn more about the pattern.

This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.

 

 

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