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)
BrazilBOVESPA 21150.00100.009.000.009.00
ChileBCS 177441.1857.149.140.578.57
ArgentinaBUE 2361309155.0870.006.580.675.92
OmanMSM 3311733.3363.645.360.734.64
USOTC PINK 79694144202252.0148.787.202.624.58
IndiaNSE 143807190453350.0163.035.330.874.46
RussiaMICEX 101452428351.6854.015.310.864.45
IndiaBSE 2368111582682948.9158.965.561.144.42
UAEUAE 2241167051.7960.345.411.064.35
PakistanKSE 184899362753.7363.145.120.904.22
CanadaCSE 82361543.9041.678.364.144.22
South KoreaKOSDAQ 60842964188148.8063.355.010.794.22
EgyptEGX 78240122851.2856.865.201.024.18
ChinaSZSE 39191883121348.0564.425.201.124.07
JapanSAPPORO 147450.0057.144.570.574.00
ChinaSSE 74457.14100.004.000.004.00
USWARRANTS 103482346.6047.926.002.383.63
SpainIBEX 92448629252.6060.084.370.833.55
USNASDAQ 158978308497352.2659.864.420.953.46
Saudi ArabiaTADAWUL 125562139549.4863.614.270.813.46
Hong KongHKEX 82093943214848.0354.484.571.113.46
TurkeyBIST 2094106565450.8661.413.970.633.34
USAMEX 2635138074452.3753.914.351.063.29
BrazilBOVESPA 2164115369553.2860.284.030.743.29
South KoreaKRX 58823035183151.6060.333.950.663.28
IsraelTASE 168282250248.8761.074.311.083.23
IndonesiaIDX 144268133847.2349.634.361.143.22
Poland GPW 2400113466947.2558.994.080.953.13
ChinaSSE 2530117973246.6062.094.211.083.13
TaiwanGTSM 47422430144551.2459.473.800.673.12
BangladeshDSE 2779140278650.4556.063.800.892.91
SwedenSTOCKHOLM 2884155985454.0654.783.860.992.87
PhilippinesPSE 84443524451.5456.093.460.602.85
PortugalLISBON 2381307854.6260.003.660.872.79
NorwayOSE 114057332150.2656.024.121.352.76
JapanTOKYO 1970811456686858.1359.953.430.722.71
JapanNAGOYA 148815354.7365.433.050.382.67
ThailandSET 151681442853.7652.523.540.892.66
Vietnam HNX 3221668651.5551.813.861.382.48
QatarQE 2181166953.2159.482.910.482.42
TaiwanTWSE 61233286196953.6759.922.980.592.38
Vietnam HOSE 84945125353.1256.103.240.892.35
DenmarkCOPENHAGEN 68537621254.8956.382.900.642.27
UKLSE 116626204374553.2060.362.950.712.24
MalaysiaBURSA 151777639251.1550.523.060.842.22
CanadaTSX 80434447243655.2954.782.930.802.13
ItalyBORSA 61843396197954.9258.272.820.702.13
FrancePARIS 38012047124153.8560.632.720.642.08
AustraliaASX 42102314122754.9653.033.000.982.02
Greece ATHENS 21150.00100.002.000.002.00
BelgiumBRUSSELS 83546528455.6961.082.460.481.98
Austria WIENERBORSE 36521312758.3659.622.540.601.93
USNYSE 2238813127775758.6659.072.570.661.90
NetherlandsAMSTERDAM 132878845859.3458.122.410.561.86
MexicoBMV 107856532252.4156.992.700.841.86
GermanyXETRA 74834333250457.9657.742.530.701.83
Greece ATHENS 39321511554.7153.493.411.821.60
SingaporeSGX 96250323352.2946.322.480.961.52
NorwayOSE 52240.00100.001.500.001.50
TurkeyBIST 42250.00100.001.500.001.50
CanadaTSX-V 123663724151.5437.834.342.901.44
SwitzerlandSIX 2450146682159.8456.001.850.551.30
IsraelTASE 74257.1450.001.250.001.25
JapanFUKUOKA 32191259.3863.161.260.211.05
AustraliaASX 51120.00100.001.000.001.00
SwitzerlandSIX 32166.6750.001.500.501.00
PakistanKSE 994100.0044.440.890.000.89
JordanASE 88471753.4136.171.891.060.83
MexicoBMV 65383.3360.001.200.400.80
USFOREX 61391663.9341.030.820.030.79
USPREFERRED 31041831104158.9956.851.050.330.71
PeruBVL 1610762.5070.000.700.000.70
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 2111752.3863.640.550.090.45
IndiaNSE 73142.8633.330.330.000.33
TaiwanGTSM 1511673.3354.550.360.090.27
KuwaitKSE 74431558.1134.882.402.140.26
Vietnam HOSE 1611368.7527.270.270.090.18
BelgiumBRUSSELS 1000.000.000.000.000.00
CanadaTSX 1000.000.000.000.000.00
Austria WIENERBORSE 1000.000.000.000.000.00
ArgentinaBUE 63150.0033.330.330.330.00
FOREXFOREX 21150.00100.000.000.000.00
FrancePARIS 1000.000.000.000.000.00
SpainIBEX 1000.000.000.000.000.00
DenmarkCOPENHAGEN 2000.000.000.000.000.00
GermanyXETRA 1000.000.000.000.000.00
South KoreaKOSDAQ 1000.000.000.000.000.00
ItalyBORSA 1000.000.000.000.000.00
MalaysiaBURSA 52140.0050.000.500.500.00
Poland GPW 2000.000.000.000.000.00
PortugalLISBON 1000.000.000.000.000.00
RussiaMICEX 1000.000.000.000.000.00
NetherlandsAMSTERDAM 1000.000.000.000.000.00
ThailandSET 31133.33100.000.000.000.00
BangladeshDSE 1411378.5727.270.000.18-0.18
IndonesiaIDX 53160.0033.330.330.67-0.33
UKLSE 42150.0050.000.000.50-0.50
JapanTOKYO 32166.6750.000.000.50-0.50
Hong KongHKEX 220100.000.000.000.50-0.50
USOTCBB 4019647.5031.586.216.89-0.68
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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