Three White Soldiers - Hit & Run Candlesticks part 2.

Hello everyone,

As mentioned in the previous part of the idea:
"The three white soldiers help to confirm that a bear market has ended and market sentiment has turned positive."

Now I would like to focus on the conditions for 3 white soldiers as they are not always the same.
For expample I´m going to use 4h chart BTCUSD as both examples are here
(4h will play within one day and then you can have a better imagination of what could 3 white soldiers bouncing out of bottom mean for SPX & BTC (part 3. comming soon)

First the one hammered. 3 White soldiers formed but they got smashed by bloody bears forming a red doji reversal candle
But the 2nd the current one formed after doji reversal at lows and bulls showed their strenght again and they are confirming it past 12h.

3rd 4h candle closing is within 2h at the time of writing, so lets get back to this TA later.

The white line is visualisation of the classic market cycle
If you want to know more feel free to visit these two charts:
CYCLE STOCKS (How-does-Market-cycle SPX)
CYCLE BITCOIN (How-does-Market-cycle BTC)

Three White Soldiers - Hit & Run Candlesticks part 1.

worth to mention that 3 White soldiers candlestick patterns are on Monthly tf for BTC as well as for SPX


ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.

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eta for update is 1:23:45

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40s to closing

Dagangan aktif:

3 white soldiers candle closed. Candle pattern trade: active

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