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)
BrazilBOVESPA 21150.00100.
ArgentinaBUE 2471409856.6870.007.160.626.54
IndiaBSE 2563912667763049.4160.
IndiaNSE 154507760496450.2363.975.680.854.83
South KoreaKOSDAQ 67843313211848.8463.935.220.794.43
USOTC PINK 85484386213551.3648.637.052.624.42
OmanMSM 2510740.0070.005.100.704.40
RussiaMICEX 106954428550.8952.395.160.904.26
ChinaSSE 74457.14100.
JapanSAPPORO 147450.0057.144.570.574.00
ChinaSZSE 41232035131549.3664.625.081.084.00
EgyptEGX 82943524552.4756.325.011.093.92
CanadaCSE 77361446.7538.898.334.583.75
SpainIBEX 99351430951.7660.124.380.803.59
Hong KongHKEX 86434222232948.8655.154.671.113.56
UAEUAE 2541307151.1854.624.871.353.52
USWARRANTS 113542547.7946.305.522.003.52
South KoreaKRX 64343321202251.7760.704.080.663.42
Saudi ArabiaTADAWUL 134267742750.4563.074.230.823.40
TurkeyBIST 2173111168551.1361.664.040.643.40
USNASDAQ 167668817525552.6259.574.240.973.27
IndonesiaIDX 155973737647.2751.024.331.093.24
TaiwanGTSM 49742549151051.2559.243.930.693.24
BrazilBOVESPA 2231116368452.1358.813.990.773.22
IsraelTASE 182287753648.1361.
NorwayOSE 125861734849.0556.404.381.273.11
ChinaSSE 2752130882147.5362.774.131.023.11
USAMEX 2792145779352.2954.324.161.133.03
The World 2444781311987738153.6858.963.890.893.00
SwedenSTOCKHOLM 2977160988854.0555.193.991.003.00
PortugalLISBON 2501327952.8059.853.650.892.76
JapanTOKYO 2057612026723058.4560.123.490.732.76
DenmarkCOPENHAGEN 72039022054.1756.413.370.662.71
QatarQE 2521378554.3762.043.070.472.60
TaiwanTWSE 64933507209254.0159.652.890.602.29
UKLSE 125986691403153.1560.202.950.702.25
FrancePARIS 40002173131654.3360.562.750.642.11
MalaysiaBURSA 164984742851.3650.532.920.832.09
ItalyBORSA 65513597211154.9158.692.790.712.08
Austria WIENERBORSE 38822513757.9960.892.670.592.08
CanadaTSX 86764845266755.8455.052.820.782.03
Greece ATHENS 21150.00100.
BelgiumBRUSSELS 87751031258.1561.182.400.441.96
AustraliaASX 44372455132555.3353.972.941.001.93
NetherlandsAMSTERDAM 142383550358.6860.242.490.561.93
GermanyXETRA 83644823284757.6659.032.600.721.89
Greece ATHENS 48526114153.8154.023.531.671.86
USNYSE 2364313916826958.8659.422.510.661.85
MexicoBMV 109659234054.0157.432.510.811.70
NorwayOSE 52240.00100.001.500.001.50
TurkeyBIST 42250.00100.001.500.001.50
JapanNAGOYA 152844855.2657.142.230.791.44
SingaporeSGX 99853924654.0145.642.350.921.44
SwitzerlandSIX 2602153886659.1156.311.870.561.31
IsraelTASE 74257.1450.
CanadaTSX-V 127266023551.8935.614.273.081.18
JordanASE 106502047.1740.
Poland GPW 221100.0050.
PakistanKSE 885100.0062.501.000.001.00
AustraliaASX 51120.00100.
SwitzerlandSIX 32166.6750.001.500.501.00
USFOREX 58361562.0741.670.860.030.83
MexicoBMV 65383.3360.001.200.400.80
PeruBVL 1610762.5070.000.700.000.70
USPREFERRED 32941972113359.8757.451.020.340.67
SingaporeSGX 332100.0066.671.000.330.67
ChileBCS 52140.0050.001.000.500.50
UAEUAE 2112557.1441.670.500.000.50
SwedenSTOCKHOLM 221100.0050.000.500.000.50
PhilippinesPSE 2011755.0063.640.550.090.45
IndiaNSE 73142.8633.330.330.000.33
JapanFUKUOKA 2614653.8542.860.860.570.29
TaiwanGTSM 1511673.3354.550.360.090.27
Vietnam HOSE 1611368.7527.
FOREXFOREX 21150.00100.
CanadaTSX 1000.
Austria WIENERBORSE 1000.
ArgentinaBUE 63150.0033.330.330.330.00
BelgiumBRUSSELS 1000.
FrancePARIS 1000.
SpainIBEX 1000.
DenmarkCOPENHAGEN 2000.
GermanyXETRA 1000.
MalaysiaBURSA 52140.0050.000.500.500.00
NetherlandsAMSTERDAM 1000.
ItalyBORSA 1000.
South KoreaKOSDAQ 1000.
ThailandSET 31133.33100.
RussiaMICEX 1000.
PortugalLISBON 1000.
BangladeshDSE 1210283.3320.000.000.20-0.20
IndonesiaIDX 53160.0033.330.330.67-0.33
KuwaitKSE 7339953.4223.082.212.59-0.38
UKLSE 42150.0050.000.000.50-0.50
Hong KongHKEX 220100.
JapanTOKYO 32166.6750.000.000.50-0.50
USOTCBB 6731946.2729.035.106.35-1.26
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
About Us
Important Links


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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.