It appears there might be some confusion with the term "CANDESTIC PATTERN." The correct term is "Candlestick Pattern." Let me explain the "Three White Soldiers" and "Three Black Crows" candlestick patterns:
Three White Soldiers:
The Three White Soldiers is a bullish candlestick pattern that typically occurs after a downtrend and suggests a potential reversal to the upside. It consists of three consecutive long and bullish (green or white) candlesticks with each one opening higher and closing higher than the previous one. The pattern reflects increasing buying pressure and can be a sign of a strong uptrend starting.
Three Black Crows:
Conversely, the Three Black Crows is a bearish candlestick pattern that often occurs after an uptrend and indicates a potential reversal to the downside. This pattern consists of three consecutive long and bearish (red or black) candlesticks with each one opening lower and closing lower than the previous one. It reflects increasing selling pressure and suggests the possibility of a significant downtrend.
These patterns are used by technical analysts and traders to identify potential trend reversals in financial markets. However, it's important to note that no pattern is foolproof, and they should be used in conjunction with other technical and fundamental analysis tools to make informed trading decisions. Additionally, the success of these patterns can vary depending on market conditions and timeframes
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