Trading Strategy Using the Bullish Three Blue Soldier Candlestick

What is the Bullish Three Blue Soldier Candlestick?

The Bullish Three Blue Soldier candlestick is a type of candlestick pattern that has a very high level of accuracy and wins.

If we use the Bullish Three Blue Soldier Candlestick strategy, we can use it without waiting for confirmation first if you want to open a position. This pattern is formed by three blue candlesticks that have long bars.

We need to know that the Bullish Three Blue Soldier Candlestick pattern usually occurs after a downtrend (Bearish) is formed.

The meaning of this candlestick pattern is to signify a reversal of the price direction from a previous downtrend to an uptrend. The Bullish Three Blue Soldier candlestick has a “BUY” signal.

Candlestick Bullish Three Blue Soldier

From the picture above, we can see that after the downtrend 3 blue candlesticks had long bars formed.

To make it easier for us to analyze it, let us conclude that this incident occurred in the daily timeframe. That is, three candlesticks formed within three days.

Let's analyze on the first day, there is a blue candlestick that has a long bar. In this case, it means that the rising price has started to dominate the market at the time. Then on the second day, it is predicted that prices will continue to dominate the market. And it was proven, on the second day, a long blue candlestick is formed. The candlestick has a higher open and close.

From here we can conclude that the bullish candlestick is getting stronger. And it is predicted that the bullish candlestick will still be strong rises the next day, And it turns out that what we predicted actually happened. On the third day, a blue candlestick with a long bar is formed there. This candlestick has a higher opening and closing price when compared to the second-day candlestick.

It is predicted that bullish candlesticks will continue to dominate the market in the next few days. The price of a market or stock will continue to move up, and of course, this is a very strong "BUY" confirmation signal. We must not leave this moment to buy shares.

The Bullish Three Blue Soldier candlestick has two confirmations, namely the confirmation on the second and third-day candlesticks.