The chart showing Series 1 series.
To see the performance of the pattern in your stock exchange in the context of other stock markets please examine the table below. Find your stock market there and see how it ranks among the others. This will give you an idea about the pattern’s strength and reliability and help you in your buying decisions.
This pattern indicates a strong reversal in the market. It is characterized by three normal or long candlesticks incrementing upwards. The opening of each day is slightly lower than previous close and prices progressively close at higher levels. This staircase like behavior signals the reversal of the trend.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. Three consecutive normal or long white candlesticks are observed.
3. Each candlestick opens within the body of the previous day.
4. Candlesticks progressively close at new highs, above the preceding day.
Pattern Requirements and Flexibility
The Bullish Three White Soldiers consists of three consecutive normal or long white candlesticks. The last two candlesticks must open in the range of the preceding candlestick and close higher.
Trader’s Behavior
The pattern appears in a context where the market stacked at a low price for too long. The market is still testing new lows and it is now approaching a bottom or already at the bottom. Then we see a decisive attempt upward whose evidence is the first white candlestick. Rally continues in the next two days characterized by higher closes. Bears are now forced to cover short positions.
Buy/Stop Loss Levels
The confirmation level is defined as the last close. Prices should cross above this level for confirmation.

The stop loss level is defined as the last low. Following the BUY, if prices go down instead of going up, and close or make two consecutive daily lows below the stop loss level, while no bearish pattern is detected, then the stop loss is triggered.
Pattern Performance in Stock Exchanges since 1/1/2014
Stock Exchange
Per Trade
Total Net%(Descending)
ArgentinaBUE 221100.0050.0021.501.0020.50
Saudi ArabiaTADAWUL 19111057.8990.9116.550.0916.45
IndiaNSE 1831308271.0463.088.480.987.50
MalaysiaBURSA 116454.5566.676.830.006.83
Austria WIENERBORSE 108780.0087.507.000.256.75
SwedenSTOCKHOLM 35201357.1465.007.250.656.60
RussiaMICEX 2615657.6940.007.000.876.13
EgyptEGX 136446.1566.677.171.176.00
NorwayOSE 119781.8277.786.440.895.56
IndiaBSE 26817710666.0459.897.021.475.54
IsraelTASE 27201274.0760.006.200.905.30
IndonesiaIDX 555100.00100.
TaiwanGTSM 36251669.4464.005.440.484.96
AustraliaASX 42301771.4356.675.670.734.93
South KoreaKRX 147976365.9964.955.370.524.86
Hong KongHKEX 113703661.9551.436.111.564.56
South KoreaKOSDAQ 135936269.6365.965.491.294.20
UKLSE 2131348962.9166.424.740.763.98
BrazilBOVESPA 39282171.7975.
ChinaSZSE 47729919162.6863.884.911.023.89
USAMEX 61372660.6670.274.410.703.70
ChinaSSE 43127816764.5060.074.671.033.64
TaiwanTWSE 52302057.6966.673.970.433.53
ItalyBORSA 78513065.3858.824.000.473.53
The World 49573332201267.2460.374.140.863.27
USNASDAQ 45228918563.9464.014.120.973.15
JapanTOKYO 25718811473.1560.643.810.803.01
USOTC PINK 1561025165.3850.004.451.762.69
SingaporeSGX 95355.5660.003.000.402.60
CanadaTSX-V 1541056768.1863.812.610.402.21
CanadaTSX 1541046667.5363.462.610.402.20
FrancePARIS 45352077.7857.142.970.802.17
QatarQE 1412685.7150.002.750.672.08
UAEUAE 43275.0066.673.001.002.00
PortugalLISBON 53260.0066.673.331.332.00
GermanyXETRA 85653976.4760.002.350.801.55
USNYSE 64346225271.8554.552.020.611.41
SwitzerlandSIX 47332370.2169.701.970.611.36
TurkeyBIST 332100.0066.673.001.671.33
NetherlandsAMSTERDAM 128566.6762.502.130.881.25
USPREFERRED 70442062.8645.451.610.391.23
SpainIBEX 137553.8571.432.291.141.14
USAMEX 111100.00100.
USOTCBB 21150.00100.
BelgiumBRUSSELS 105350.0060.
TurkeyBIST 54280.0050.001.751.250.50
MexicoBMV 1712870.5966.671.501.170.33
DenmarkCOPENHAGEN 43275.0066.672.332.67-0.33
Greece ATHENS 63150.0033.330.671.33-0.67
JordanASE 32066.670.000.004.00-4.00
Patterns Total: How many of this particular pattern has been detected in this period
Confirmed Total: How many of the detected patterns were confirmed and converted into signals
Profitable Signals: The number of the confirmed patterns that have given profitable trades
Confirmation %: The percentage of the confirmed patterns with respect to the total occurrences of this pattern
Profitable Signal %: The percentage of the successful confirmed patterns with respect to the total confirmed patterns
Per Trade Profit %: Total Profits / Total Trades
Per Trade Loss %: Total Losses / Total Trades
Per Trade Net%: (Total Profits–Total Losses) / Total Number of Trades
Samples: Live sample ticker symbols from stock exchanges with links to stock pages of the related bulls.com© family websites
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