when a bullish candle closes with small or no shadows it suggests that the bulls have managed to keep the price at the top of the range for the session basically the bulls take over the rally all session and closed near the high of the day for three consecutive sessions in addition the pattern may be preceded by other candlestick patterns suggestive of a reversal such as a doji or a hammer 
here is an example of three white soldiers appearing in a pricing chart for the vaneck vectors fallen angel high yield bond exchange traded fund etf 1the etf had been in a strong bearish downtrend over the course of several weeks before the three white soldiers pattern marked a sharp bullish reversal the pattern may suggest that the rally will continue but traders should also look at other relevant factors before making a decision for example the stock may have reached an area of resistance at the conclusion of the formation of the pattern or the rise might have been on low volume which is not an indication of strength example of how to trade three white soldiersbecause three white soldiers is a bullish visual pattern it is used as a potential entry or exit point for a trade traders who are short on the security look to exit and traders who are waiting to take a bullish position see the three white soldiers as an entry opportunity 