Three Green Soldiers Candlestick Pattern. - पूरी जानकारी.

 

Three Green Soldiers Candlestick Pattern. - पूरी जानकारी.

How to Trade the Three Green Soldiers Candlestick Pattern.

The Three Green Soldiers candlestick pattern has all the information you require.

·      The Three Green Soldiers Candlestick Pattern: Explained.

·      How to Recognize the Three Green Soldiers Candlestick Pattern.

·      The Three Green Soldiers Candlestick Pattern's variations.

·      Trading the Three Green Soldiers Candlestick Pattern: A Guide.

·      Trading Techniques for the Three Green Soldiers Candlestick Pattern.

Ø Strategy 1: Retractions on Bare Charts.

Ø Strategy 2: Using Support Levels to Trade the Three Green Soldiers

Ø Strategy 3: Using Moving Averages to Trade the Three Green Soldiers.

Ø Strategy 4: Using RSI Divergences to Trade the Three Green Soldiers.

Ø Strategy 5: Using Fibonacci to Trade the Three Green Soldiers.

Ø Strategy 6: Using Pivot Points to Trade the Three Green Soldiers.

The Three Green Soldiers Candlestick Pattern: Explained.

The candlestick pattern known as "Three Green Soldiers" created in Japan.

The pattern of reversal is bullish.

It usually manifests itself following a drop in price and indicates a rejection of cheaper prices.

Because we anticipate a bull move once the Three Green Soldiers show up at the proper spot, the pattern is bullish.

It is a reversal pattern since we want to see the price decline before the Three Green Soldiers show up, so it is also a common indication that a trend is coming to an end.

The Three Red Crows candlestick pattern is reflected in the Three Green Soldiers pattern.

 How to Recognize the Three Green Soldiers Candlestick Pattern.

There are three candles in the Three Green Soldiers candlestick pattern.

The Three Green Soldiers candlestick pattern can be recognized as follows:

1.    Three candles that is bullish in succession.

2.    They should have large bodies.

3.    There should be small or no wicks.

Look at….................

The Three Green Soldiers Candlestick Pattern's variations.

On your charts, the Three Green Soldiers candlestick pattern can look little different.

The close of one candle and the open of the next can be so far apart that they begin inside one another.

As the candles form, it's also common to observe them get smaller. 

Look at…...................................

Trading the Three Green Soldiers Candlestick Pattern: A Guide.

Finding a pattern with the same shape on your charts is not enough to trade the Three Green Soldiers candlestick pattern.

Let me clarify.

A pattern is legitimate not just because of its shape but also because of where it appears.

This implies that the same form may signify different things depending on where it appears.

The price should first decline, indicating a bearish move, before we trade the Three Green Soldiers.

Following this bearish move, a Three Green Soldiers appears, which could indicate an upside reversal.

Look at…...........................

It's easy: when the previous candle's high breaks, the Three Green Soldiers pattern is traded.

That serves as your long-term conservative trigger.

Look at…,............................

Now that things don't always go as planned when trading, you also want to protect yourself.

And we employ a stop loss for that.

There exist multiple varieties of stop loss strategies.

The most popular method is to set it using the other side of the pattern.

However, do not trade the Three Green Soldiers just yet.

There are also other things to be informed of.

The Three Green Soldiers candlestick pattern should ideally be traded in conjunction with other technical analysis or indicators to improve accuracy.

The Three Green Soldiers pattern can be traded using strategies that follow.

Trading Techniques for the Three Green Soldiers Candlestick Pattern.

Strategy 1: Retractions on Bare Charts.

The Three Green Soldiers is a bullish reversal pattern that is worth keeping alert on when the price is increasing.

Simply watch for the Three Green Soldiers to come when a retreat has started.

That frequently signals the end of the pullback and the beginning of the new upward trend.

 For Example….....................................

Strategy 2: Using Support Levels to Trade the Three Green Soldiers.

Levels of support and resistance are excellent sources of price reversals.

We want to use support levels to trade the Three Green Soldiers since we are searching for moves to the upside.

How does it operate?

·      On your charts, indicate the support levels.

·      Await a drop in price that reaches the support level.

·      Look for the presence of Three Green Soldiers at that level.

·      When the price breaks the peak of the Three Green Soldiers' final candle, go long.

·      Assume a move to the upside and set your stop loss and take profit levels.

For Example………………………..

Strategy 3: Using Moving Averages to Trade the Three Green Soldiers.

For trading trends, moving averages are excellent trading indicators.

When prices are rising, the strategy here is to trade pullbacks to the moving average.

How does it operate?

·      Look for an upward trend where the price exceeds a moving average.

·      Await the price dropping to the moving average.

·      Verify whether the moving average shows a Three Green Soldiers.

·      When the price breaks the peak of the Three Green Soldiers' final candle, go long.

·      Determine your take-profit and stop-loss levels and anticipate one more upward trend.

 For Example...............................................

Strategy 4: Using RSI Divergences to Trade the Three Green Soldiers.

Compared to the other trading strategies, this is a little different.

The price must first be in a downtrend and making lower highs and lower lows in order for there to be a bullish RSI Divergence.

This is how it operates:

·      Look for a downward trend.

·      After every leg to the downside, note the lowest points the price hits.

·      Compare the price lows and the RSI indicator simultaneously.

·      You have identified a divergence when the price is making lower lows and the RSI is making higher lows.

·      You now watch for a Three Green Soldiers to show up at a lower price low that coincides with a higher RSI low.

·      When the price breaks the peak of the Three Green Soldiers' final candle, go long.

·      Assume a move to the upside and set your stop loss and take profit levels.

 For Example….........................................

Strategy 5: Using Fibonacci to Trade the Three Green Soldiers.

The Fibonacci retracement tool is another well-liked method of trading the Three Green Soldiers candlestick pattern.

The price will typically revert at the retracement levels that Fibonacci displays.

The Three Green Soldiers pattern is more likely to operate well at different levels, depending on how strong the trend is. More information about the various Fibonacci retracement levels may be found here.

This is how the tactic operates:

·      You desire an upward trend in the pricing.

·      After that, you wait for a decline, which will inevitably occur eventually.

·      Using your Fibonacci tool, sketch the levels of the motion from its low to its high.

·      You should wait till the price reaches a Fibonacci level and prints a Three Green Soldiers.

·      When the price breaks the high of the Three Green Soldiers' third candle, go long.

·      Assume a move to the upside and set your stop loss and take profit levels.

For Example..............................................

Strategy 6: Using Pivot Points to Trade the Three Green Soldiers.

Pivot points are automatically determined levels of resistance and support based on mathematical calculations.

The Daily Pivot Points are the most commonly employed while day trading, though the Weekly and Monthly are also often utilized.

The Three Green Soldiers pattern can be traded using pivot points as follows: 

·      Turn on your charts' Pivot Points indicator.

·      Look for the Pivot Points that are below the price; they usually become a support.

·      While not necessary, it is ideal to see the price on an upward trend.

·      Await the price dropping to a Pivot Point level.

·      You want to see a Three Green Soldiers pattern at that level, which indicates that the level is being rejected.

·      When the price breaks the peak of the Three Green Soldiers' final candle, go long.

·       Assume a move to the upside and set your stop loss and take profit levels.

For Example………………….............

What is the Three Green Soldiers Pattern's success rate?

Thomas N. Bulkowski's Encyclopedia of Candlestick Charts states that the Three Green Soldiers candlestick pattern has an 84% success rate.