Three Soldiers Pattern

This concept is developed based on the Three advancing soldier pattern in candlestick charts.

A series of three bullish columns of X’s forms a three-soldier pattern. It is a 5-column pattern.

As a result of a series of continuation double top buy patterns and a column of ‘X’s, this pattern shows strong bullish momentum. This pattern also shows temporary exhaustion, but it can only be confirmed if the price reverses in the column of ‘O’ after the third column of ‘X’.

This pattern can be plotted on the chart by adding it from the Add study menu in TradePoint & Patterns in 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.