7 Triple Candle Stick Types You must Know

Triple candlestick patterns involve three consecutive candlesticks and are often used in technical analysis to signal potential trend reversals or continuations. Here are three notable triple candlestick patterns:

1. Three White Soldiers:
   • The Three White Soldiers is a pattern signaling a potential bullish reversal after a downtrend.
   • It involves three consecutive long and bullish candles.
   • Each candle opens within the previous one’s body and closes near its high, showing robust buying pressure and hinting at a trend reversal.
2. Three Black Crows:
   • The Three Black Crows is a bearish reversal pattern usually seen at the top of an uptrend.
   • It comprises three consecutive long and bearish candles.
   • Similar to the Three White Soldiers, each candle opens within the previous one’s body, but here, they close near the low, indicating strong selling pressure and a potential trend reversal.
3. Three Inside Up:
   • The Three Inside Up is a bullish reversal pattern occurring after a downtrend.
   • It involves three candles:
     • The first is a bearish candle.
     • The second is a small-bodied candle completely within the first, suggesting a potential reversal.
     • The third is a bullish candle closing above the first’s high, confirming the trend reversal.
4. Three Inside Down:
   • The Three Inside Down is the bearish counterpart to the Three Inside Up, happening after an uptrend.
   • It consists of three candles:
     • The first is a bullish candle.
     • The second is a small-bodied candle within the first, indicating a potential reversal.
     • The third is a bearish candle closing below the first’s low, confirming the trend reversal.
5. Abandoned Baby:
   • The Abandoned Baby is a reversal pattern, bullish or bearish.
   • For a bullish pattern, it often appears at the bottom of a downtrend with three candles.
   • The first is bearish, the second is a doji showing uncertainty, and the third is a bullish candle with a gap up, suggesting a potential reversal.
   • For a bearish pattern, the sequence is reversed, occurring at the top of an uptrend.
6. Upside Tasuki Gap:
   • The Upside Tasuki Gap is a bullish continuation pattern seen during an uptrend with three candles.
   • The first is bullish, the second is bearish with a gap down, and the third is a bullish candle opening within the second’s body, indicating a potential continuation of the uptrend.
7. Downside Tasuki Gap:
   • The Downside Tasuki Gap is a bearish continuation pattern observed during a downtrend with three candles.
   • The first is bearish, the second is bullish with a gap up, and the third is a bearish candle opening within the second’s body, suggesting a potential continuation of the downtrend.

Read More: 8 Double Candle Stick Types You Must Know