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 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
TurkeyBIST 40081994123149.7561.748.100.927.17
ArgentinaBUE 29691694102257.1960.197.121.255.87
ChileBCS 64131821549.6167.615.240.674.57
EgyptEGX 2397119470850.1058.955.571.084.49
IndiaBSE 55861260811346646.6951.635.591.454.14
JapanSAPPORO 147450.0057.144.570.574.00
IndiaNSE 3515717083950448.5955.635.091.103.99
USNASDAQ 40153210161100352.3452.355.531.623.92
USOTC PINK 186309501430152.4544.026.502.883.61
Poland GPW 56942853137550.1148.195.041.473.57
South KoreaKOSDAQ 120156102342050.8855.954.701.153.55
NorwayOSE 3677176389447.9550.714.951.593.37
SwedenSTOCKHOLM 79033887194149.1849.944.911.633.28
OmanMSM 319429.0344.444.110.893.22
IsraelTASE 61962965164548.0555.264.161.113.05
IndonesiaIDX 3736176879547.3244.974.541.493.04
The World 59983231200016509652.8752.064.171.153.02
Austria WIENERBORSE 41125.00100.003.000.003.00
SpainIBEX 41125.00100.003.000.003.00
Hong KongHKEX 222100.00100.003.000.003.00
PortugalLISBON 41125.00100.003.000.003.00
TaiwanGTSM 114396033323252.8153.503.950.982.97
Saudi ArabiaTADAWUL 2323121772452.3959.493.520.702.82
BangladeshDSE 55062632130047.8049.393.981.222.76
Vietnam HOSE 2841148785352.3457.363.741.012.72
KuwaitKSE 127866332751.8849.323.991.272.72
PakistanKSE 4084196897748.1949.644.121.442.68
Greece ATHENS 129368034952.5951.323.841.152.68
Vietnam HNX 60330915951.2451.464.221.542.67
PortugalLISBON 41921711651.7953.463.681.032.66
ChinaSZSE 2006810456571652.1054.673.721.102.62
Greece ATHENS 62233.33100.002.500.002.50
MalaysiaBURSA 2800144567851.6146.923.591.172.43
MexicoBMV 2573138369453.7550.183.771.362.41
Hong KongHKEX 159647973381049.9447.793.961.562.40
CanadaTSX-V 3666180875449.3241.705.583.212.38
USAMEX 72354041198855.8549.203.551.192.36
IndiaNSE 93233.3366.672.330.002.33
BrazilBOVESPA 103130.0033.333.000.672.33
ThailandSET 4140203693049.1845.683.431.112.32
TaiwanTWSE 155958768470056.2253.603.180.882.30
SpainIBEX 1985100554850.6354.533.230.992.24
FrancePARIS 99575353286353.8053.443.210.982.23
South KoreaKRX 144217393396651.3653.553.060.892.17
ChinaSSE 158678209439851.7453.583.191.052.15
CanadaTSX 146848040427554.7553.173.090.962.13
ArgentinaBUE 1810555.5650.002.500.402.10
BrazilBOVESPA 93535079261254.3051.433.040.982.06
QatarQE 49925413250.9051.972.780.732.05
PhilippinesPSE 172485640649.6547.432.990.962.03
AustraliaASX 120696685332355.3949.713.481.462.02
IsraelTASE 28171160.7164.712.240.242.00
SwitzerlandSIX 21150.00100.002.000.002.00
JapanTOKYO 43391243771291756.1852.992.930.941.99
Austria WIENERBORSE 1951107956955.3052.733.131.151.98
UKLSE 2922215864841554.2953.042.961.011.95
DenmarkCOPENHAGEN 159184440353.0547.753.321.381.93
USNYSE 47537267571446256.2954.052.800.881.91
JapanFUKUOKA 96442045.8345.452.670.801.88
BelgiumBRUSSELS 152578639251.5449.872.681.001.68
ItalyBORSA 152848779466057.4453.082.510.871.64
JordanASE 82432052.4446.512.550.951.60
CanadaCSE 137063322146.2034.915.644.051.59
GermanyXETRA 2407514071767058.4554.512.350.811.54
UAEUAE 61634216255.6847.232.591.081.51
TurkeyBIST 73242.8666.671.670.331.33
SingaporeSGX 106460.0066.671.330.001.33
NetherlandsAMSTERDAM 39402265122157.4953.912.040.741.31
SwitzerlandSIX 63453602188656.7752.362.010.831.18
JapanNAGOYA 2511466758.1745.892.040.901.13
ChinaSSE 1811761.1163.641.270.181.09
UAEUAE 146442.8666.671.170.171.00
ItalyBORSA 52140.0050.001.500.501.00
FrancePARIS 52140.0050.001.500.501.00
GermanyXETRA 52140.0050.001.500.501.00
ThailandSET 1912763.1658.331.170.250.92
PakistanKSE 73391953.4248.721.100.210.90
AustraliaASX 1911757.8963.640.910.090.82
JapanTOKYO 108480.0050.001.000.250.75
SingaporeSGX 126065627152.0641.311.951.240.70
USFOREX 90392143.3353.850.820.130.69
Vietnam HOSE 36221061.1145.450.730.090.64
SwedenSTOCKHOLM 3116951.6156.250.690.060.63
ChileBCS 92122.2250.001.000.500.50
Poland GPW 159560.0055.560.780.330.44
UKLSE 1911757.8963.640.730.360.36
NetherlandsAMSTERDAM 63150.0033.331.000.670.33
BelgiumBRUSSELS 63150.0033.331.000.670.33
TaiwanGTSM 1813772.2253.850.380.080.31
NorwayOSE 2011755.0063.640.550.270.27
RussiaMICEX 2613750.0053.850.850.690.15
MalaysiaBURSA 168450.0050.000.380.250.13
BangladeshDSE 105652761.9041.540.510.380.12
PhilippinesPSE 45221248.8954.550.320.230.09
IndonesiaIDX 11000.000.000.000.000.00
South KoreaKOSDAQ 92122.2250.000.500.500.00
DenmarkCOPENHAGEN 86175.0016.670.500.500.00
USWARRANTS 8000041.630.000.000.000.00
USPREFERRED 570310453.850.130.000.000.00
RussiaMICEX 27050051.720.000.000.000.00
CanadaTSX 54180.0025.000.250.50-0.25
MexicoBMV 54180.0025.000.250.50-0.25
USOTCBB 4019647.5031.586.216.89-0.68
FOREXFOREX 64066.670.000.001.00-1.00
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.

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