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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
BrazilBOVESPA 31133.33100.009.000.009.00
ChileBCS 174755243.1069.338.370.637.75
ArgentinaBUE 78337122047.3859.306.531.105.43
CanadaCSE 64128110043.8435.599.064.504.56
TurkeyBIST 36531782104648.7858.705.270.824.44
JapanSAPPORO 147450.0057.144.570.574.00
South KoreaKOSDAQ 101314955277049.0255.784.821.113.71
IndiaNSE 2691312686696247.1454.884.891.193.70
EgyptEGX 132067235150.9152.234.951.293.66
IsraelTASE 3639170096046.7256.474.791.143.65
USNASDAQ 2870915070807452.4953.584.761.323.44
Poland GPW 4268196098545.9250.264.491.173.32
IndiaBSE 3981318503931246.4750.334.871.563.31
BrazilBOVESPA 43832383135454.3756.824.180.903.28
OmanMSM 319429.0344.444.110.893.22
NorwayOSE 187497250651.8752.064.631.453.17
SwedenSTOCKHOLM 59003052154951.7350.754.451.373.08
SpainIBEX 31133.33100.003.000.003.00
Austria WIENERBORSE 31133.33100.003.000.003.00
Hong KongHKEX 222100.00100.003.000.003.00
IndiaNSE 42150.0050.003.000.003.00
PortugalLISBON 31133.33100.003.000.003.00
USOTC PINK 156478169347652.7142.146.413.432.98
PakistanKSE 3152156981849.7852.144.381.472.91
ChinaSZSE 108455423298750.0055.084.111.292.82
Vietnam HNX 46723911451.1847.704.131.322.81
TaiwanGTSM 89214573241051.2652.703.710.942.77
ThailandSET 2993153472751.2547.393.721.072.65
IndonesiaIDX 2843133762947.0347.053.991.382.61
Hong KongHKEX 143207004339248.9748.373.991.402.59
USAMEX 50272732136354.3549.893.821.232.59
The World 43266322549311932852.1552.893.711.162.55
PortugalLISBON 3701849849.7353.263.611.092.52
RussiaMICEX 2139109153751.0149.223.591.072.51
SpainIBEX 167584044250.1552.623.571.062.51
Greece ATHENS 42250.00100.002.500.002.50
TurkeyBIST 52240.00100.002.500.002.50
QatarQE 40322111654.8452.493.200.762.45
ChinaSSE 73503596198148.9355.093.591.152.44
South KoreaKRX 114935914314151.4653.113.300.862.44
PhilippinesPSE 161478135748.3945.713.351.002.35
Greece ATHENS 71137118752.1850.404.251.922.33
Saudi ArabiaTADAWUL 184796254852.0856.963.321.022.30
TaiwanTWSE 115206185337253.6954.523.070.772.30
AustraliaASX 77254378216056.6749.343.561.282.28
JapanTOKYO 36487205381128156.2954.933.200.932.28
MalaysiaBURSA 2621136365252.0047.843.301.062.25
UAEUAE 3211697952.6546.753.721.502.22
JapanNAGOYA 2761438151.8156.642.900.682.22
FrancePARIS 72813770208151.7855.203.110.912.20
BangladeshDSE 56822799131849.3846.973.401.212.19
ChinaSSE 126550.0083.332.170.002.17
DenmarkCOPENHAGEN 123767232554.3248.363.071.072.00
SwitzerlandSIX 21150.00100.002.000.002.00
CanadaTSX 126506856361554.2052.732.910.921.99
UKLSE 2092711061599652.9354.142.870.911.96
MexicoBMV 175892850052.7953.882.941.011.92
Vietnam HOSE 2213109354449.3949.773.051.141.91
CanadaTSX-V 2138110042951.4539.005.223.321.90
Austria WIENERBORSE 99152328152.7753.732.840.951.89
JapanFUKUOKA 76361647.3744.442.610.721.89
USNYSE 36711209441162257.0555.492.620.841.78
SingaporeSGX 64366.6775.001.750.001.75
ItalyBORSA 105755700296953.9052.092.620.901.72
NetherlandsAMSTERDAM 2625145777055.5052.852.370.721.65
GermanyXETRA 140897744412454.9653.252.490.891.60
BelgiumBRUSSELS 137473735753.6448.442.510.941.57
AustraliaASX 136446.1566.671.500.001.50
JordanASE 102541952.9435.192.431.041.39
SingaporeSGX 127266928952.5943.202.471.161.31
KuwaitKSE 43723410553.5544.873.041.791.26
USPREFERRED 50202772148955.2253.721.610.401.22
USWARRANTS 3519954.2947.374.793.581.21
IsraelTASE 75371.4360.001.200.001.20
SwitzerlandSIX 42742465131557.6753.351.880.721.16
Poland GPW 63250.0066.671.000.001.00
Vietnam HOSE 2213759.0953.851.000.001.00
UAEUAE 115345.4560.001.200.201.00
ItalyBORSA 42150.0050.001.500.501.00
GermanyXETRA 42150.0050.001.500.501.00
FrancePARIS 42150.0050.001.500.501.00
ThailandSET 74257.1450.001.000.250.75
PakistanKSE 3726970.2734.620.920.190.73
USFOREX 40181045.0055.560.720.000.72
SwedenSTOCKHOLM 106360.0050.000.670.000.67
NorwayOSE 73242.8666.671.000.330.67
ChileBCS 72128.5750.001.000.500.50
BangladeshDSE 49271155.1040.740.560.150.41
UKLSE 1510666.6760.000.800.400.40
NetherlandsAMSTERDAM 53160.0033.331.000.670.33
BelgiumBRUSSELS 53160.0033.331.000.670.33
MalaysiaBURSA 127458.3357.140.430.140.29
TaiwanGTSM 1412685.7150.000.330.080.25
DenmarkCOPENHAGEN 54180.0025.000.750.500.25
PhilippinesPSE 3716943.2456.250.310.190.13
IndonesiaIDX 11000.000.000.000.000.00
JapanTOKYO 54280.0050.000.250.250.00
MexicoBMV 441100.0025.000.250.50-0.25
CanadaTSX 43175.0033.330.330.67-0.33
ArgentinaBUE 83137.5033.330.331.00-0.67
FOREXFOREX 43075.000.000.000.67-0.67
USOTCBB 4019647.5031.586.216.89-0.68
South KoreaKOSDAQ 31033.330.000.001.00-1.00
RussiaMICEX 21050.000.000.002.00-2.00
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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