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 2021097655.9467.266.730.596.13
IndiaBSE 2269311181678249.2760.666.351.125.23
IndiaNSE 136626866440250.2664.115.800.884.92
USOTC PINK 75953868189450.9948.907.342.634.71
South KoreaKOSDAQ 61353007192849.1463.955.280.794.49
ChinaSZSE 36711818118749.5265.295.541.094.45
RussiaMICEX 97649326250.5153.145.200.864.34
JapanSAPPORO 147450.0057.144.570.574.00
UAEUAE 2321206851.7256.675.271.333.93
EgyptEGX 72837021350.8257.574.991.083.92
USWARRANTS 112502344.6446.005.561.663.90
CanadaCSE 56301053.5733.339.105.273.83
OmanMSM 3113841.9461.544.690.923.77
SpainIBEX 92046627450.6558.804.530.853.68
USOTCBB 63341553.9744.126.532.943.59
Hong KongHKEX 79103849211948.7754.924.701.113.59
Saudi ArabiaTADAWUL 121361138550.3763.014.360.853.51
TurkeyBIST 198199962250.4362.264.160.663.50
South KoreaKRX 58713012183851.3261.004.110.673.44
BrazilBOVESPA 193999457251.5757.204.130.803.33
ChinaSSE 2497119575447.8663.104.391.083.31
USNASDAQ 152898027478252.6459.424.280.983.30
NorwayOSE 110153730148.7756.054.591.313.28
IndonesiaIDX 138165533547.4351.154.321.083.24
USAMEX 2543131870251.8353.264.361.163.20
SwedenSTOCKHOLM 2564138277153.9055.794.120.973.15
TaiwanGTSM 43772247131051.3458.303.850.723.13
IsraelTASE 155273543847.6259.274.161.083.08
The World 2206001178636941553.4658.863.950.903.05
JapanTOKYO 1832410714650958.4760.753.550.722.83
DenmarkCOPENHAGEN 63534118953.7055.433.500.702.80
QatarQE 2251238054.6765.043.180.492.69
FOREXFOREX 332100.0066.672.670.002.67
UKLSE 112925926352552.4859.482.990.742.25
TaiwanTWSE 57273070182353.6159.382.860.632.23
Austria WIENERBORSE 35120312357.8360.592.750.572.18
MalaysiaBURSA 149375838550.7750.792.920.822.10
FrancePARIS 36821978118253.7259.762.740.652.09
CanadaTSX 78534404242656.1155.062.870.792.08
ItalyBORSA 58613155185353.8558.712.800.732.07
AustraliaASX 39232157115155.0353.312.971.031.94
BelgiumBRUSSELS 78545226957.5859.512.420.481.94
NetherlandsAMSTERDAM 129975144757.8159.522.490.621.87
GermanyXETRA 75594283247956.6657.882.620.751.87
USNYSE 2209112925763458.5259.052.540.671.87
MexicoBMV 96852830854.5558.332.620.801.82
PortugalLISBON 2271166651.1056.902.750.971.78
Greece ATHENS 46025213254.7852.383.301.781.52
CanadaTSX-V 111257120851.5336.304.473.001.47
TurkeyBIST 53360.00100.001.330.001.33
JordanASE 95431945.2644.192.401.071.33
SwitzerlandSIX 2386138476258.0155.061.850.591.26
JapanNAGOYA 141784455.3256.412.010.811.21
SingaporeSGX 92349121553.2043.792.130.941.20
Austria WIENERBORSE 32266.67100.001.000.001.00
USPREFERRED 31631878107259.3757.081.100.340.76
JapanFUKUOKA 2413554.1738.460.920.230.69
USAMEX 42261161.9042.310.500.190.31
KuwaitKSE 5228653.8521.432.612.82-0.21
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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