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A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
book

A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits

by Michael C. Thomsett
July 2015
Intermediate to advanced content levelIntermediate to advanced
352 pages
9h 40m
English
Pearson
Content preview from A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits

Three White Soldiers and Three Black Crows

Clarity of signals is a great advantage in candlestick analysis. Among these are two three-day candlestick signals, the three white soldiers, and three black crows. Although the patterns are not easily found in strict adherence to the pattern requirements, they are powerful reversals when they do occur in the proper proximity.

Key Point

Three white soldiers is an exceptionally strong bullish reversal signal, but useful when located close to support after a strong downtrend.

The proximity for three white soldiers is at the very bottom of a downtrend or shortly after the reversal has begun (in which case the pattern confirms the change in direction). For three black crows, the correct proximity is at ...

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Publisher Resources

ISBN: 9780134190662Purchase book