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 2131198455.8770.597.010.606.41
CanadaCSE 56271048.2137.049.964.375.59
IndiaBSE 2337511513697549.2560.586.321.125.20
IndiaNSE 140447066453350.3264.145.780.874.91
USOTCBB 73341546.5844.127.532.764.76
USOTC PINK 77583980195251.4248.937.312.624.69
RussiaMICEX 96148626350.5754.125.350.854.50
South KoreaKOSDAQ 63183103198249.1163.875.290.794.49
ChinaSZSE 37061835120549.5165.675.531.074.46
JapanSAPPORO 147450.0057.144.570.574.00
EgyptEGX 75538822351.3957.474.891.083.81
USWARRANTS 113492243.3644.905.471.693.78
OmanMSM 3313839.3961.544.690.923.77
SpainIBEX 94748228750.9059.544.500.833.68
UAEUAE 2441246850.8254.845.101.423.68
Hong KongHKEX 80563924215848.7154.994.761.123.64
Saudi ArabiaTADAWUL 123362039450.2863.554.440.843.60
TurkeyBIST 2018101663550.3562.504.130.663.47
BrazilBOVESPA 2002104061151.9558.754.180.783.40
South KoreaKRX 60093094188151.4960.804.050.663.39
ChinaSSE 2484118975447.8763.414.411.043.38
IndonesiaIDX 141467234447.5251.194.421.083.34
USNASDAQ 156008243493052.8659.794.260.973.28
TaiwanGTSM 44722295135551.3259.043.950.713.25
NorwayOSE 113155531449.0756.584.521.303.21
SwedenSTOCKHOLM 2662143280053.7955.874.130.963.17
USAMEX 2585135473452.3854.214.271.143.13
The World 2253491208797150553.6559.143.950.893.06
IsraelTASE 160777546948.3560.364.111.123.00
JapanTOKYO 1879111025671058.6760.863.530.722.81
DenmarkCOPENHAGEN 65735519754.0355.493.450.682.77
QatarQE 2311258254.1165.603.170.482.69
FOREXFOREX 332100.0066.672.670.002.67
TaiwanTWSE 58783161187853.7859.412.910.622.28
UKLSE 116206132368152.7760.032.980.722.26
Austria WIENERBORSE 36020712757.5061.352.780.572.22
MalaysiaBURSA 151577239450.9651.042.940.802.14
CanadaTSX 79884497249656.3055.502.880.782.10
FrancePARIS 37672037122754.0760.242.750.642.10
ItalyBORSA 60233291193954.7158.852.750.722.03
NetherlandsAMSTERDAM 132477246658.3160.362.530.581.95
AustraliaASX 40432225119155.0353.532.961.021.94
BelgiumBRUSSELS 80546428057.6460.342.400.471.93
GermanyXETRA 77694448261357.2558.752.640.721.92
USNYSE 2214013067777559.0259.502.550.661.89
PortugalLISBON 2331206851.5056.672.790.941.85
MexicoBMV 100354131753.9458.602.600.781.82
CanadaTSX-V 112758321151.7336.194.623.001.62
Greece ATHENS 45824612953.7152.443.311.771.54
TurkeyBIST 53360.00100.001.330.001.33
JordanASE 99452045.4544.442.361.021.33
JapanNAGOYA 145814655.8656.792.050.781.27
SwitzerlandSIX 2439142779258.5155.501.850.581.27
SingaporeSGX 93949822353.0444.782.160.931.23
USAMEX 44261259.0946.151.080.041.04
Austria WIENERBORSE 32266.67100.001.000.001.00
USPREFERRED 31661881108459.4457.601.120.330.78
JapanFUKUOKA 2514656.0042.860.860.210.64
KuwaitKSE 5530754.5523.332.502.73-0.23
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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