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Candlestick 101 : How to trade with Three white soldiers and Three black crows - YouTube
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you
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[Music]
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welcome to market with these video
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series on candlestick patterns in this
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video we're covering
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triple candlestick patterns with white
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soldiers and black clothes today you
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will learn all about three soldier
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patterns the three black crows pattern
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how to recognize these patterns and
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additional signal enhancements one must
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consider to improve your trading in this
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video I use the daily candlesticks and
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quite often refer to a candle also as
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day if you're a day trader you can use
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these patterns just as well for
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exploring intraday candles to start
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using these patterns on the market pulse
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app click on t-then candle patterns
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select bullish reversal and three white
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soldiers or three black crows I've taken
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the chart for tech mahindra you can see
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the white soldiers and black fools
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patterns labeled as tws and TBC
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respectively
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let's look at three white soldiers it's
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denoted with three candles and is a
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bullish reversal pattern it is sometimes
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also referred to as three advancing
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soldiers or just white soldiers you'll
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see this pattern at the end of a
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downtrend and it's a clear indication of
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a shift in the balance from sellers to
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balanced we've noticed that often
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traders look for three candlesticks of
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similar sizes however the bodies of the
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second and third candlestick should be
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approximately the same size these
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candles have small or no upper wicks or
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shadows let's now move on to three black
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crows which is a three candle bearish
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reversal pattern it is also referred to
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as just three crows of black claws at
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times this pattern occurs at the end of
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an uptrend and it indicates a clear
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shift in balance from buyers to sellers
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just as in three white soldiers here too
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you will need the bodies of the second
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and third
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mystics should be effect rock simile the
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same size these candles are small on no
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upper wigs or shadows now I'm going to
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walk you through the rules of
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recognition for these patterns first the
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white soldiers a short-term downtrend
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must be in progress on the market piles
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up we measure the trend for the last 10
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candles and check if it's down which
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marks a downtrend which is then followed
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by a trend reversal with the formation
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of three white soldiers in the example
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you can see three green candles each
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with a higher clothes each of these
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candles must close at or near its eyes
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so check if the closing price is at
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least 70 percent higher than the range
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for that day although not a rule each
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subsequent candle should open within the
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previous sessions real body and open at
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are a little higher than the previous
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sessions real body is also valid but
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also like to let you know that this rule
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is not preset in the market pulse app as
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we've left it to the users to decide to
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see how these rules play out let's look
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back at the tech hand chart you can see
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a clear short-term downtrend
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followed by the formation of three white
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soldier Daniels candles also close near
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their highs the second candle opens
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within the body of the first but the
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third doesn't this is not a necessary
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condition but an optional one and the
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pattern qualifies as a tws on zooming
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out of the chart you can further see how
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the prices are increasing we have a
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couple of more tws forming on the way up
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now let's see three black crows in
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action first spot a short term uptrend
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in progress we've used a trend over the
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last ten days for it next is a trend
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reversal with the formation of three red
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candles each with a lower clothes each
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of the black candles must close at or
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near
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as a rule we check at the closing price
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is at least in the bottom 30% of the
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range for that indeed each subsequent
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candle should open within the previous
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sessions black trail body but this
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overlap is not a rule an open act on a
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little lower than the previous sessions
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real body is also valid to better
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understand how the three black clothes
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world let's pick up the Tata Steel chart
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the stock is in a long-term downtrend
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and as you can see a short term uptrend
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start with stock which is reversed by
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the TBC formation the candles closed
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near their lows and the second and third
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candles open looking the bodies to
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previous candles satisfying all the
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conditions undoing out of the chart you
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can see the stock continued its journey
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southward for some time for me several
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more TBC's along the way after each
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bounce back we close the session here in
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the next video in the series we'll take
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a look with signal enhancing and trading
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tactics with the white soldiers and the
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black face patterns
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[Music]
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