The chart showing Series 1 series.
To see the performance of the pattern in your stock exchange in the context of other stock markets please examine the table below. Find your stock market there and see how it ranks among the others. This will give you an idea about the pattern’s strength and reliability and help you in your buying decisions.
This pattern is a small black body contained by a prior relatively long black body. It resembles the Harami pattern, except that both bodies are black.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
3. On the second day, we again see a black body which is completely engulfed by the body of the first day.
Pattern Requirements and Flexibility
The Bullish Homing Pigeon consists of two black candlesticks, in which the first day’s black body engulfs the following black body. The first one has to be a normal or long black candlestick. Either the body tops or the body bottoms of the two candlesticks may be at the same level, but whatever the case, the body of the second day should be smaller than the first.
Trader’s Behavior
The pattern is a signal of disparity. In a market characterized by a downtrend, we first see heavy selling reflected by the black body of the first day. However, a smaller body that appears on the second day points to the diminished power and enthusiasm of the sellers thus suggesting a trend reversal.
Buy/Stop Loss Levels
The confirmation level is defined as the last close or the midpoint of the previous black body, whichever is higher. Prices should cross above this level for confirmation.

The stop loss level is defined as the lower of the last two lows. Following the BUY, if prices go down instead of going up, and close or make two consecutive daily lows below the stop loss level, while no bearish pattern is detected, then the stop loss is triggered.
Pattern Performance in Stock Exchanges since 1/1/2014
Stock Exchange
Per Trade
Total Net%(Descending)
ArgentinaBUE 2391369656.9070.597.200.636.57
IndiaBSE 2505212412751549.5460.556.251.105.15
IndiaNSE 151027626489550.5064.195.700.844.86
USOTC PINK 84104287209151.1148.657.212.634.58
South KoreaKOSDAQ 67403290210348.8663.865.220.804.43
RussiaMICEX 103253027751.3652.265.070.864.21
ChinaSZSE 40571991128449.0864.495.151.094.07
JapanSAPPORO 147450.0057.144.570.574.00
EgyptEGX 80042324152.8856.975.011.073.93
CanadaCSE 75341345.3338.248.414.593.82
OmanMSM 3713835.1461.544.690.923.77
Hong KongHKEX 85494169229248.7754.984.711.113.60
SpainIBEX 98951330851.8760.044.370.803.57
Saudi ArabiaTADAWUL 131566742050.7262.974.270.813.46
UAEUAE 2571337351.7554.894.791.383.41
TurkeyBIST 2136109067551.0361.934.030.653.39
South KoreaKRX 63593280198851.6160.573.990.663.33
USNASDAQ 165838712519552.5959.574.240.973.27
BrazilBOVESPA 2157112865852.2958.334.050.793.27
IndonesiaIDX 151771636547.2050.984.321.103.22
TaiwanGTSM 48702491146951.1558.973.900.703.21
ChinaSSE 2696127880147.4062.684.171.043.14
USAMEX 2776145479052.3854.334.251.133.12
IsraelTASE 175585552448.7261.
SwedenSTOCKHOLM 2903154885953.4655.354.060.983.08
NorwayOSE 121759533749.5555.894.271.243.02
The World 2404761290247617153.6859.013.910.893.02
JapanTOKYO 2016311789709458.5060.143.500.742.76
DenmarkCOPENHAGEN 70638221554.1156.283.420.672.75
FOREXFOREX 332100.0066.672.670.002.67
QatarQE 2491358554.2262.963.110.472.64
PortugalLISBON 2471317853.0459.543.180.902.28
UKLSE 123556549395353.0160.362.980.702.27
USWARRANTS 123542343.9042.595.152.892.26
TaiwanTWSE 63823448203754.0359.082.860.612.25
MalaysiaBURSA 159982642151.6650.972.940.812.13
FrancePARIS 39482150130154.4660.512.730.652.08
ItalyBORSA 64123535207755.1358.762.790.722.07
CanadaTSX 85354757262255.7455.122.850.782.07
Austria WIENERBORSE 38422113357.5560.182.650.582.06
BelgiumBRUSSELS 85849630357.8161.092.430.451.98
AustraliaASX 43532415130555.4854.042.941.001.94
GermanyXETRA 82404743280557.5659.142.630.711.92
NetherlandsAMSTERDAM 139581849158.6460.022.470.561.91
USNYSE 2342313772819358.8059.492.520.661.87
Greece ATHENS 48426214154.1353.823.531.691.84
MexicoBMV 107357833353.8757.612.530.821.71
JapanNAGOYA 149814454.3654.322.280.811.47
SingaporeSGX 99453824754.1245.912.310.901.41
TurkeyBIST 53360.00100.001.330.001.33
SwitzerlandSIX 2576151685458.8556.331.880.561.32
CanadaTSX-V 123662922751.2935.804.353.061.29
JordanASE 103471945.6340.432.191.041.15
USAMEX 49281357.1446.431.070.041.04
Austria WIENERBORSE 32266.67100.
USOTCBB 93421645.1638.
USPREFERRED 33131980112959.7657.021.010.340.66
JapanFUKUOKA 2513652.0046.150.920.620.31
KuwaitKSE 6534952.3126.472.532.500.03
Patterns Total: How many of this particular pattern has been detected in this period
Confirmed Total: How many of the detected patterns were confirmed and converted into signals
Profitable Signals: The number of the confirmed patterns that have given profitable trades
Confirmation %: The percentage of the confirmed patterns with respect to the total occurrences of this pattern
Profitable Signal %: The percentage of the successful confirmed patterns with respect to the total confirmed patterns
Per Trade Profit %: Total Profits / Total Trades
Per Trade Loss %: Total Losses / Total Trades
Per Trade Net%: (Total Profits–Total Losses) / Total Number of Trades
Samples: Live sample ticker symbols from stock exchanges with links to stock pages of the related bulls.com© family websites
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