One White Soldier - Bullish Candlestick Reversal Pattern

One White Soldier Candlestick Definition

The one white soldier (green candlestick) pattern is a bullish reversal signal. This pattern will often times appear on price charts after a clear downtrend has been in place. The first candlestick in the pattern is a long red candlestick. That closes near its low. The next candle opens above the previous candle's close and closes near the highs of the day, which is also above the high of the previous day. The key to this pattern is that both candles must be "long" candlesticks.

One White Soldier Candlestick Charting Example

Traders should wait for the high of the green candlestick to be exceeded prior to taking a long position.

One White Soldier Candlestick