Three Green Candles: Spotting Three White Soldiers
Summary
Hollow Point Trading shares a historical Caterpillar (CAT) replay using completed five-minute candles from October 2020 to explain why three green candles do not automatically form three white soldiers. The lesson highlights candle body size, opening and closing positions, and trend context—checks that help traders avoid misleading pattern signals.
https://youtu.be/xsy9ksw3388
Three green candles do not automatically make three soldiers #CAT #...
Three green candles are not automatically three white soldiers. The conventional formation also checks long bodies, later opens inside the previous body, closes near the highs and trend context. Counting colors alone skips those tests. This historical Caterpillar IEX replay uses completed five minute candles from October eighth, twenty twenty si...
