There can be further uptrend for 1-2 days if so.. But this is not a buy/sell recommendation..
What Does Three White Soldiers Mean?
A bullish candlestick pattern that is used to predict the reversal of the current downtrend. This pattern consists of three consecutive long-bodied candlesticks that have closed higher than the previous day, with each session's open occurring within the body of the previous candle.
These long-bodied candlesticks are a sign of the change in investor sentiment and are used by traders to confirm a shift in momentum. This pattern may form after a period of consolidation, which is still a valid sign of a move higher, but it is not as desirable as it would be if it were found at the end of a prolonged downtrend.
Source : Investopedia.com
Important Results;
Theoretical performance: Bullish reversal
Tested performance: Bullish reversal 82% of the time
Frequency rank: 67
Overall performance rank: 32
Best percentage meeting price target: 34% (bull/bear market, up/down breakout)
Best average move in 10 days: -7.66% (bear market, down breakout)
Best 10-day performance rank: 4 (bull market, down breakout)
All ranks are out of 103 candlestick patterns with the top performer ranking 1. "Best" means the highest rated of the four combinations of bull/bear market, up/down breakouts.
Discussion
The three white soldiers candlestick pattern acts as a bullish reversal 82% of the time. What that means is it is more likely to breakout upward (a close above the top of the highest candle) than it is to breakout downward (a close below the lowest of the three candles). Duh. Just 593 out of 3,333 samples showed downward breakouts.
The candle ranks 67 for rarity, where a rank of 103 is unknown and 1 is a rock star. The overall performance is 32 and that means price does not trend all that well after the breakout. Nevertheless, after a downward breakout in a bear market, price can drop 7.66% on average, over 10 days, but that uses just 56 samples.
Source : http://thepatternsite.com/ThreeWhiteSoldiers.html