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Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: troll on December 23, 2018, 04:14:27 PM

Title: We are not out of bearish market : No 3 white soldier candle pattern
Post by: troll on December 23, 2018, 04:14:27 PM
(https://i.imgur.com/e9ER4sK.jpg)

 This has been stated to be a 3 white soldier candle pattern. It clearly does not fit the definition and pattern is invalidated.

What is Three White Soldiers >> https://www.altcoinstalks.com/index.php?topic=85725.0

If you define the upper shadow should not be longer than 20% real body length, so the candlestick 3 will not meet the demands.

So if its not 3 soldiers what it is?

Its an advanced block pattern

If the second and third candlestick or just the third candlestick showed the rising weakness, then it forms an advance block. The progressively smaller real body or relatively long upper shadows on the last candlestick is the sign of weakness. This does not indicate a bearish reversal. The following candle would have to be confirmation of a bearish signal.


Title: Re: We are not out of bearish market : No 3 white soldier candle pattern
Post by: coinlurker on December 26, 2018, 01:58:08 PM
Quote from: troll on December 23, 2018, 04:14:27 PM
(https://i.imgur.com/e9ER4sK.jpg)

 This has been stated to be a 3 white soldier candle pattern. It clearly does not fit the definition and pattern is invalidated.

What is Three White Soldiers >> https://www.altcoinstalks.com/index.php?topic=85725.0

If you define the upper shadow should not be longer than 20% real body length, so the candlestick 3 will not meet the demands.

So if its not 3 soldiers what it is?

Well you can say so based on the chart pattern but if suddenly there is a positive news or a bunch of crypto believers go into the market the 3 white soldiers will still not work out.

Its an advanced block pattern

If the second and third candlestick or just the third candlestick showed the rising weakness, then it forms an advance block. The progressively smaller real body or relatively long upper shadows on the last candlestick is the sign of weakness. This does not indicate a bearish reversal. The following candle would have to be confirmation of a bearish signal.
Title: Re: We are not out of bearish market : No 3 white soldier candle pattern
Post by: altcoingamer on December 26, 2018, 02:57:45 PM
Good link, but you should reference that this is Todd Blackburn's charts..  his youtube page is here: www.youtube.com/channel/UCvQ12D5GqyW1qtM0a3Qpwcw  He has tons of great trading info.