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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
BrazilBOVESPA 41125.00100.009.000.009.00
USWARRANTS 38417410045.3157.4711.112.618.51
ChileBCS 39719013347.8670.006.430.585.85
ArgentinaBUE 130067440652.0859.976.901.085.82
TurkeyBIST 38271859107448.7657.566.210.875.34
IndiaNSE 3026714597830648.2856.845.411.064.35
USOTC PINK 2045010596466752.5443.437.793.564.23
Vietnam HNX 49425412851.4250.395.511.284.22
USNASDAQ 3182416810924752.9154.925.401.344.06
IndiaBSE 45158211421107246.8352.355.411.414.00
JapanSAPPORO 147450.0057.144.570.574.00
South KoreaKOSDAQ 112665546323049.2958.174.971.023.96
NorwayOSE 2353119463950.7953.475.321.383.94
IsraelTASE 46912263130348.2857.534.941.043.90
EgyptEGX 161182644251.2753.515.091.273.82
Poland GPW 50402389120647.5450.334.851.303.56
IndonesiaIDX 3156153675048.6748.834.821.373.45
SwedenSTOCKHOLM 64773359171651.9551.004.811.403.41
PakistanKSE 3709179392348.3451.484.731.413.32
OmanMSM 319429.0344.444.110.893.22
Greece ATHENS 92649326254.0052.404.421.333.09
USAMEX 58243250167655.9251.464.161.133.03
IndiaNSE 52140.0050.003.000.003.00
Hong KongHKEX 222100.00100.003.000.003.00
Austria WIENERBORSE 41125.00100.003.000.003.00
SpainIBEX 41125.00100.003.000.003.00
PortugalLISBON 41125.00100.003.000.003.00
CanadaCSE 100749417349.0635.027.194.232.96
Saudi ArabiaTADAWUL 160587350354.3957.623.790.882.92
ChinaSZSE 139367261405552.1055.854.001.102.90
TaiwanGTSM 99335112270651.4652.933.810.952.86
The World 49814726301414163452.8853.773.991.142.85
ThailandSET 3300165879750.2448.073.881.032.85
Austria WIENERBORSE 74043423858.6554.843.951.122.83
CanadaTSX-V 2927150962551.5541.426.143.332.81
MalaysiaBURSA 2871147671951.4148.713.831.082.75
Hong KongHKEX 151927485373049.2749.834.041.332.71
South KoreaKRX 121726215344651.0655.453.470.812.66
Vietnam HOSE 2327118563450.9253.503.641.012.63
BrazilBOVESPA 63433496184355.2752.573.621.032.59
QatarQE 42723112454.1053.683.280.712.58
ChinaSSE 93984881275751.9456.483.480.942.54
BangladeshDSE 61353011145249.0848.223.681.172.51
Greece ATHENS 52240.00100.002.500.002.50
TurkeyBIST 52240.00100.002.500.002.50
PortugalLISBON 37119910653.6453.273.721.232.50
AustraliaASX 97875562281356.8350.583.781.292.49
PhilippinesPSE 170487140751.1246.733.430.962.47
TaiwanTWSE 131987218392754.6954.413.210.782.43
SpainIBEX 174487546550.1753.143.441.032.42
FrancePARIS 79094252231553.7654.443.270.882.39
MexicoBMV 2334124566953.3453.733.391.092.30
CanadaTSX 126047043377355.9053.553.120.922.20
UKLSE 2414712938710653.5854.923.080.922.16
DenmarkCOPENHAGEN 133772034453.8547.783.281.132.15
JapanTOKYO 40030228071222556.9753.603.070.942.13
USNYSE 37581213751218056.9056.962.820.802.02
SwitzerlandSIX 21150.00100.002.000.002.00
RussiaMICEX 3269159080550.8748.412.890.892.00
KuwaitKSE 66436017354.2248.063.441.451.99
BelgiumBRUSSELS 140174435653.1047.852.870.921.95
JapanNAGOYA 2801507853.5752.002.750.821.93
GermanyXETRA 166969568524857.4054.762.600.791.81
ItalyBORSA 115626463344155.9053.242.670.861.81
NetherlandsAMSTERDAM 2839160587056.8953.872.340.591.76
SingaporeSGX 74357.1475.001.750.001.75
UAEUAE 3361848054.7643.483.011.291.72
JapanFUKUOKA 88492355.6846.942.370.731.63
SwitzerlandSIX 49072809152757.6753.962.030.671.36
USPREFERRED 48862764149756.5754.161.770.421.34
Poland GPW 74357.1475.001.250.001.25
ChinaSSE 159560.0055.561.440.221.22
IsraelTASE 95355.5660.001.200.001.20
JordanASE 92481452.1729.172.271.101.17
SingaporeSGX 123365428953.0444.192.311.151.16
AustraliaASX 158553.3362.501.250.131.13
ItalyBORSA 52140.0050.001.500.501.00
UAEUAE 115345.4560.001.200.201.00
FrancePARIS 52140.0050.001.500.501.00
GermanyXETRA 52140.0050.001.500.501.00
Vietnam HOSE 2717962.9652.940.880.000.88
USFOREX 52251348.0852.000.880.040.84
PakistanKSE 56301153.5736.670.830.200.63
ThailandSET 105350.0060.000.800.200.60
ChileBCS 72128.5750.001.000.500.50
UKLSE 1610662.5060.000.800.400.40
NetherlandsAMSTERDAM 63150.0033.331.000.670.33
BelgiumBRUSSELS 63150.0033.331.000.670.33
SwedenSTOCKHOLM 2012560.0041.670.330.080.25
TaiwanGTSM 1712670.5950.000.330.080.25
DenmarkCOPENHAGEN 64166.6725.000.750.500.25
NorwayOSE 105350.0060.000.600.400.20
ArgentinaBUE 105250.0040.000.800.600.20
MalaysiaBURSA 138461.5450.000.380.250.13
PhilippinesPSE 43211148.8452.380.330.240.10
BangladeshDSE 77461759.7436.960.390.300.09
IndonesiaIDX 11000.000.000.000.000.00
South KoreaKOSDAQ 42150.0050.000.500.500.00
JapanTOKYO 54280.0050.000.250.250.00
RussiaMICEX 65283.3340.000.600.80-0.20
MexicoBMV 54180.0025.000.250.50-0.25
CanadaTSX 43175.0033.330.330.67-0.33
FOREXFOREX 93033.330.000.000.67-0.67
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

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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