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 1/1/2015
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
ArgentinaBUE 35118113451.5774.037.600.507.10
EgyptEGX 81643024652.7057.215.630.974.66
USOTC PINK 94215006237453.1447.427.222.684.54
IndiaNSE 178708693550248.6563.295.230.854.38
IndiaBSE 2701912948764147.9259.015.511.134.38
South KoreaKOSDAQ 66853264205948.8963.005.160.834.32
OmanMSM 278429.6350.004.750.504.25
USAMEX 2409123165451.1053.135.401.154.24
ChinaSZSE 48392360153748.7765.135.080.994.09
JapanSAPPORO 147450.0057.144.570.574.00
IsraelTASE 211198459646.6160.574.871.033.84
TurkeyBIST 2370116672149.2061.844.450.653.80
PakistanKSE 2070106264351.3060.554.701.013.69
IndonesiaIDX 173681741347.0650.554.731.103.63
UAEUAE 2371237051.9056.914.771.183.59
USNASDAQ 173819128551852.6460.314.410.913.50
CanadaCSE 2451044242.4540.387.293.793.50
RussiaMICEX 119160232750.6354.234.360.883.48
Hong KongHKEX 91774477241548.7953.944.611.173.44
BrazilBOVESPA 2527138285054.6961.513.850.713.14
TaiwanGTSM 60903041176949.9358.173.830.723.11
ChinaSSE 3282155899947.4764.124.080.973.11
Vietnam HNX 3851949550.3948.974.471.443.04
JapanNAGOYA 1931046953.8966.353.290.402.88
The World 2712341437768356353.0358.103.780.902.88
BangladeshDSE 3575179599250.2155.263.710.862.84
South KoreaKRX 69903635213152.0058.623.510.692.83
QatarQE 2741458352.9257.243.390.572.82
PortugalLISBON 2251176952.0058.973.630.832.80
SwedenSTOCKHOLM 35861899102952.9654.193.841.052.79
Saudi ArabiaTADAWUL 127564639650.6761.303.570.792.78
Poland GPW 2728122968545.2055.563.720.952.77
PhilippinesPSE 101749825348.9750.803.460.772.69
SpainIBEX 99352329952.6757.173.420.872.55
TaiwanTWSE 76214011238452.6359.443.180.632.55
UAEUAE 62233.33100.002.500.002.50
JapanTOKYO 2343813515803757.6659.473.140.742.40
Vietnam HOSE 128662334748.4455.703.310.962.34
NorwayOSE 114262934255.0854.373.601.272.33
CanadaTSX-V 154581730953.1437.645.072.752.32
ChinaSSE 74357.1475.002.250.002.25
AustraliaASX 48802747146456.2953.293.181.022.16
ThailandSET 167485941851.3148.663.090.932.16
BelgiumBRUSSELS 88247427053.7456.962.620.532.09
UKLSE 128186761400852.7559.282.800.712.08
CanadaTSX 81214553256056.0656.232.780.752.03
NorwayOSE 41125.00100.002.000.002.00
Greece ATHENS 31133.33100.002.000.002.00
MalaysiaBURSA 169886944351.1850.982.910.931.98
FrancePARIS 41722237130453.6258.292.630.681.95
DenmarkCOPENHAGEN 73542322657.5553.432.580.721.86
USWARRANTS 95492451.5848.984.312.471.84
USNYSE 2386514188841359.4559.302.470.641.83
ItalyBORSA 66283631200154.9554.942.570.741.83
MexicoBMV 111059634153.6957.212.550.801.75
Austria WIENERBORSE 42424513957.7856.732.390.671.72
SingaporeSGX 99152924253.3845.752.610.971.64
GermanyXETRA 80874662262757.7056.302.370.731.64
ChileBCS 2714851.8557.142.711.141.57
SingaporeSGX 222100.00100.001.500.001.50
NetherlandsAMSTERDAM 140781845158.1455.132.030.651.39
IsraelTASE 75371.4360.001.200.001.20
Greece ATHENS 43623812254.5951.263.161.981.18
SwitzerlandSIX 2543147681758.0455.351.700.591.11
TurkeyBIST 31133.33100.001.000.001.00
Poland GPW 42150.0050.001.000.001.00
JordanASE 90491754.4434.691.860.920.94
USFOREX 2816957.1456.250.810.000.81
KuwaitKSE 179994355.3143.432.591.880.71
JapanFUKUOKA 58331756.9051.521.180.520.67
SwedenSTOCKHOLM 332100.0066.670.670.000.67
USPREFERRED 32421898104958.5455.270.940.320.62
AustraliaASX 84350.0075.000.500.000.50
ArgentinaBUE 52140.0050.000.500.000.50
ChileBCS 62133.3350.001.000.500.50
PhilippinesPSE 2511844.0072.730.450.000.45
TaiwanGTSM 1311684.6254.550.360.000.36
PakistanKSE 1612475.0033.330.500.170.33
Vietnam HOSE 1610462.5040.000.300.000.30
BangladeshDSE 2115671.4340.000.400.130.27
ThailandSET 31133.33100.000.000.000.00
PortugalLISBON 2000.000.000.000.000.00
South KoreaKOSDAQ 1000.000.000.000.000.00
IndonesiaIDX 1000.000.000.000.000.00
SpainIBEX 2000.000.000.000.000.00
IndiaNSE 31033.330.000.000.000.00
MalaysiaBURSA 73142.8633.330.330.330.00
SwitzerlandSIX 1000.000.000.000.000.00
FOREXFOREX 32266.67100.000.000.000.00
Austria WIENERBORSE 2000.000.000.000.000.00
MexicoBMV 331100.0033.330.330.67-0.33
UKLSE 52140.0050.000.000.50-0.50
JapanTOKYO 32166.6750.000.000.50-0.50
USOTCBB 4019647.5031.586.216.89-0.68
DenmarkCOPENHAGEN 31033.330.000.001.00-1.00
FrancePARIS 31033.330.000.001.00-1.00
GermanyXETRA 31033.330.000.001.00-1.00
BelgiumBRUSSELS 42050.000.000.001.00-1.00
CanadaTSX 32066.670.000.001.00-1.00
NetherlandsAMSTERDAM 42050.000.000.001.00-1.00
ItalyBORSA 31033.330.000.001.00-1.00
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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