Example of How to Trade Three White Soldiers
As three white soldiers is a bullish visual pattern, it is used as an entry or exit point. Traders who are short on the security look to exit and traders who are waiting to take up a bullish position see the three white soldiers as an entry opportunity.
'insider' not 'insiders' sold 4M and the day traded a historic 5 and a half Million, all quickly taken up and distributed. (bull traps come from low volume breakouts).
One would look for a morning star, certainly no doji star here, for conformation. Or indeed what appears to have developed '3 white soldiers. Go to 'stockcharts' enter EIL rather pretty picture. Given ill-uminators negative (short ?) stance it seems more like a last chance exit.