Candlestick patterns should be used as an alert rather than a confirmation because patterns can form out of nowhere and may not be warranted. MacroAxis has a wonderful base of tools and research help to assist you in your goal of becoming a more profitable investor and trader. The three advancing white soldiers is an easier pattern to spot and can help you in determining market movements.
Three-Advancing-White-Soldiers
By Nathan Young | Macroaxis Story |
With the plethora of candlestick patterns out there, some are simple and some are complex. Three advancing white soldiers is on the easier side and can really help you decide where the market is going.
Updated over a year ago View currently updated edicational stories | Filter Three Advancing White Soldiers |
Reviewed by Raphi Shpitalnik
As you can very well guess by the name, this candlestick pattern contains three candles. They are all the same in nature, long bodies and minimal wicks, indicating there is a strong push to the upside. These candles can be used to help confirm a trend change because this shows the bears are minimally present in the market and the bulls are pushing price higher. Be sure to look at volume levels when this is occurring because if the volume is not noticeably different, the move may be short lived. Also, look at the fundamental data to determine if it is the drive behind the move.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectEditorial Staff
Would you like to provide feedback on the content of this article?
You can get in touch with us directly or send us a quick note via email to editors@macroaxis.comDid you try this?
Run Competition Analyzer Now
Competition AnalyzerAnalyze and compare many basic indicators for a group of related or unrelated entities |
All Next | Launch Module |
Other Consideration for investing
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
FinTech Suite Use AI to screen and filter profitable investment opportunities | |
Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
Global Correlations Find global opportunities by holding instruments from different markets | |
Content Syndication Quickly integrate customizable finance content to your own investment portal |