BULLISH HOMING PIGEON
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.
BULLISH HOMING PIGEON
Definition
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.
Title
Pattern Performance in Stock Exchanges since 1/1/2014
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
ArgentinaBUE 2281279055.7070.877.250.566.69
CanadaCSE 63301247.6240.009.634.505.13
IndiaBSE 2425511916719549.1360.386.241.125.12
IndiaNSE 145637318467250.2563.845.700.864.84
USOTC PINK 81044140203851.2349.087.282.614.67
South KoreaKOSDAQ 65213183203748.8164.005.310.794.52
ChinaSZSE 37551859121349.5165.255.401.074.34
RussiaMICEX 99650926951.1052.855.150.864.28
JapanSAPPORO 147450.0057.144.570.574.00
EgyptEGX 78040823352.3157.114.991.103.89
OmanMSM 3313839.3961.544.690.923.77
Hong KongHKEX 83044034222048.5855.034.741.113.63
SpainIBEX 96850030051.6560.004.400.813.59
UAEUAE 2501277050.8055.124.991.413.58
USOTCBB 84401747.6242.506.633.083.55
Saudi ArabiaTADAWUL 126163940350.6763.074.360.823.54
TurkeyBIST 2077104765050.4162.084.100.663.44
South KoreaKRX 62133185193151.2660.634.040.663.39
BrazilBOVESPA 2067106961852.0157.494.110.793.32
USAMEX 2689140676652.2954.484.401.133.27
TaiwanGTSM 46512380139951.1758.783.970.703.27
ChinaSSE 2522120276047.6663.234.311.043.27
IndonesiaIDX 146469635447.5450.864.351.093.26
USNASDAQ 160998470504952.6759.554.230.973.26
NorwayOSE 118156832248.5256.204.441.283.16
SwedenSTOCKHOLM 2787148382053.2155.294.020.983.04
The World 2325761246537357853.6259.003.920.893.03
IsraelTASE 168181349248.4860.374.051.092.96
JapanTOKYO 1928111336686358.7960.543.500.722.78
DenmarkCOPENHAGEN 68336720353.7355.313.440.692.76
QatarQE 2391298453.9765.123.150.472.68
USWARRANTS 116522244.8342.315.152.482.67
FOREXFOREX 332100.0066.672.670.002.67
UKLSE 119636330380852.9160.162.990.712.28
TaiwanTWSE 60903287194053.9759.022.880.612.27
MalaysiaBURSA 155080040751.6150.882.920.802.12
Austria WIENERBORSE 37521813158.1360.092.650.572.08
CanadaTSX 82664624255755.9555.292.850.782.07
FrancePARIS 38922110127254.2160.282.720.652.07
ItalyBORSA 62283422201255.0158.732.760.722.05
PortugalLISBON 2391237251.4658.542.910.921.99
AustraliaASX 42062319124855.1453.823.001.011.98
BelgiumBRUSSELS 82747728657.6859.962.400.461.94
NetherlandsAMSTERDAM 136880448658.7760.452.480.571.91
GermanyXETRA 80234618271757.5658.832.620.721.90
USNYSE 2281813430799758.8659.552.530.661.88
MexicoBMV 103756132154.1057.222.550.821.73
CanadaTSX-V 116459822151.3736.964.592.981.61
Greece ATHENS 47325613554.1252.733.331.731.60
JapanNAGOYA 151844855.6357.142.310.791.52
TurkeyBIST 53360.00100.001.330.001.33
SingaporeSGX 96051623253.7544.962.160.901.26
SwitzerlandSIX 2506146781258.5455.351.830.581.25
JordanASE 100451945.0042.222.291.091.20
USAMEX 47271357.4548.151.110.041.07
Austria WIENERBORSE 32266.67100.001.000.001.00
JapanFUKUOKA 2513652.0046.150.920.230.69
USPREFERRED 32261923109559.6156.941.020.340.67
KuwaitKSE 6335955.5625.712.462.60-0.14
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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Disclaimers:

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

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