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
ArgentinaBUE 2281269055.2671.437.210.586.63
EgyptEGX 60933019354.1958.486.070.965.11
IndiaBSE 2067110171607449.2059.725.611.094.51
IndiaNSE 135136694427049.5563.775.340.844.50
RussiaMICEX 86044525851.7457.985.040.774.27
USOTC PINK 67183552169753.0147.666.962.754.22
JapanSAPPORO 147450.0057.144.570.574.00
PakistanKSE 164585952052.2260.544.971.033.95
South KoreaKOSDAQ 51492503155248.6961.914.750.853.91
UAEUAE 182945351.6556.384.931.123.81
Hong KongHKEX 68913379184649.0354.634.951.163.79
IndonesiaIDX 123258229247.2450.174.901.173.73
ChinaSZSE 3087146091747.3062.814.941.233.71
TurkeyBIST 172088555451.4562.604.320.633.69
BrazilBOVESPA 1813100763855.5463.363.990.683.31
ChinaSSE 85462.5080.003.200.003.20
USAMEX 2478131670853.2353.684.221.033.19
Vietnam HNX 2971548051.8551.954.451.273.19
TaiwanGTSM 43162168127850.2358.953.830.683.15
PortugalLISBON 1811036456.9162.144.030.883.15
Saudi ArabiaTADAWUL 102750731449.3761.933.920.843.08
South KoreaKRX 50202662159853.0560.013.750.663.08
IsraelTASE 151573244448.3260.664.081.093.00
Poland GPW 217999456345.7156.533.870.942.93
BangladeshDSE 2508127071350.6456.143.780.872.91
ChinaSSE 200190856445.3862.114.111.202.91
The World 2137111154726743454.0658.373.740.892.85
ChileBCS 136446.1566.673.670.832.83
USNASDAQ 1876310373610055.3358.763.630.852.78
SpainIBEX 75940723153.6256.763.580.822.77
PhilippinesPSE 70835118649.7252.843.470.722.75
SwedenSTOCKHOLM 2644143879354.4355.113.721.022.70
OmanMSM 246325.0050.003.170.502.67
QatarQE 188955450.5356.843.040.512.54
ThailandSET 122165834253.8951.983.380.852.53
TaiwanTWSE 53392841168053.2159.133.140.632.51
JapanTOKYO 1738610127599758.2559.223.210.732.47
JapanNAGOYA 132725054.5569.442.850.392.46
CanadaTSX 65453684207956.2956.433.020.762.26
NorwayOSE 94048626551.9154.303.651.412.24
UKLSE 99615352321753.7360.112.950.722.23
AustraliaASX 37722124113556.3453.413.180.962.23
USWARRANTS 87401745.9842.504.782.682.10
Vietnam HOSE 84043223751.4354.863.040.952.10
CanadaTSX-V 109658522453.3838.294.912.822.09
Greece ATHENS 21150.00100.002.000.002.00
ItalyBORSA 52252889162355.2956.182.710.741.97
MalaysiaBURSA 121964732753.0850.542.740.811.93
USNYSE 1795610843640960.4059.092.600.671.93
BelgiumBRUSSELS 71039322955.3558.272.400.491.92
FrancePARIS 32081756103554.7458.942.580.711.88
DenmarkCOPENHAGEN 60934718856.9854.182.590.721.87
Austria WIENERBORSE 31018711060.3258.822.470.641.83
MexicoBMV 86445324852.8954.272.710.901.81
GermanyXETRA 62583672208558.8256.642.490.751.74
CanadaCSE 95451547.3733.335.894.291.60
SingaporeSGX 82344419953.9544.822.581.021.56
NetherlandsAMSTERDAM 111666437459.5056.332.110.601.51
TurkeyBIST 42250.00100.001.500.001.50
NorwayOSE 52240.00100.001.500.001.50
IsraelTASE 74257.1450.001.250.001.25
JapanFUKUOKA 31161051.6162.501.500.251.25
SwitzerlandSIX 1960118866260.6155.721.730.601.13
JordanASE 71411657.7539.021.950.881.07
Poland GPW 221100.0050.001.000.001.00
AustraliaASX 51120.00100.001.000.001.00
SwitzerlandSIX 32166.6750.001.500.501.00
PakistanKSE 994100.0044.440.890.000.89
MexicoBMV 65383.3360.001.200.400.80
USFOREX 61391663.9341.030.790.030.77
Greece ATHENS 3001628454.0051.853.062.350.71
USPREFERRED 2707161391859.5956.911.040.340.70
SingaporeSGX 332100.0066.671.000.330.67
UAEUAE 2112557.1441.670.500.000.50
ChileBCS 52140.0050.001.000.500.50
SwedenSTOCKHOLM 221100.0050.000.500.000.50
KuwaitKSE 87471554.0231.912.512.040.47
PhilippinesPSE 2111752.3863.640.550.090.45
IndiaNSE 73142.8633.330.330.000.33
TaiwanGTSM 1511673.3354.550.360.090.27
Vietnam HOSE 1611368.7527.270.270.090.18
BangladeshDSE 1715688.2440.000.200.130.07
RussiaMICEX 1000.000.000.000.000.00
PortugalLISBON 1000.000.000.000.000.00
NetherlandsAMSTERDAM 1000.000.000.000.000.00
ThailandSET 31133.33100.000.000.000.00
MalaysiaBURSA 52140.0050.000.500.500.00
South KoreaKOSDAQ 1000.000.000.000.000.00
ItalyBORSA 1000.000.000.000.000.00
SpainIBEX 1000.000.000.000.000.00
DenmarkCOPENHAGEN 2000.000.000.000.000.00
FrancePARIS 1000.000.000.000.000.00
GermanyXETRA 1000.000.000.000.000.00
BelgiumBRUSSELS 1000.000.000.000.000.00
Austria WIENERBORSE 1000.000.000.000.000.00
ArgentinaBUE 74157.1425.000.250.250.00
FOREXFOREX 21150.00100.000.000.000.00
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
CanadaTSX 32066.670.000.001.00-1.00
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

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.

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.