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 1/1/2016
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
CanadaCSE 3531546143.9139.3511.144.346.80
ArgentinaBUE 36318012150.4166.127.010.686.33
OmanMSM 206230.0033.336.000.835.17
USWARRANTS 176335.2950.007.332.504.83
JapanSAPPORO 147450.0057.144.570.574.00
Vietnam HNX 3401728350.5948.265.191.413.78
IsraelTASE 193288549145.8155.484.751.113.64
USAMEX 195499445150.8745.375.131.673.45
South KoreaKOSDAQ 60002828162647.1857.444.501.063.44
TurkeyBIST 2061102756149.8354.634.240.893.35
IndiaNSE 155247345400147.3754.414.351.123.24
EgyptEGX 67838520656.7853.514.531.313.22
IndonesiaIDX 152075637149.7449.074.421.223.20
PakistanKSE 189794350449.7153.454.471.343.13
USOTC PINK 85844536189153.2341.396.553.493.06
IndiaNSE 42150.0050.003.000.003.00
IndiaBSE 2341510870535346.4449.234.421.522.90
USNASDAQ 140117165378251.2252.704.151.262.89
TaiwanGTSM 52092604137549.9952.803.540.862.68
BrazilBOVESPA 2285130871957.2454.973.550.932.62
ChinaSZSE 50492535141350.2155.743.711.102.61
BangladeshDSE 3368172586051.2249.863.641.042.60
ChinaSSE 3434170095749.5056.293.490.982.52
JapanNAGOYA 163854852.1556.473.240.732.51
NorwayOSE 96253527455.6151.213.931.432.50
QatarQE 2301216452.6152.893.180.782.40
SwedenSTOCKHOLM 3283169283151.5449.113.741.342.40
Hong KongHKEX 75653701178448.9248.203.621.302.32
Poland GPW 2451109852944.8848.093.481.202.28
PortugalLISBON 184944951.0952.133.411.162.26
ChinaSSE 84350.0075.002.250.002.25
The World 2338211221306350152.2851.953.361.142.22
MexicoBMV 98050427651.4354.762.990.862.14
TaiwanTWSE 65213505187253.7553.412.850.742.12
Vietnam HOSE 132363430547.9248.113.301.192.12
UAEUAE 182924050.5543.483.421.342.09
South KoreaKRX 63673238171650.8653.002.860.852.01
NorwayOSE 41125.00100.002.000.002.00
Greece ATHENS 31133.33100.002.000.002.00
RussiaMICEX 127667032952.8248.812.950.991.97
Saudi ArabiaTADAWUL 82943321952.2350.582.890.931.96
JapanTOKYO 1964711120602056.6354.102.890.951.94
ThailandSET 145872733849.8646.492.810.981.83
PhilippinesPSE 88145419551.5342.952.821.041.78
MalaysiaBURSA 140172736051.8949.522.731.001.73
ChileBCS 2714851.8557.142.861.141.71
FrancePARIS 35431924102454.3653.172.450.811.64
UKLSE 106765715299953.5752.442.470.921.55
AustraliaASX 44402521119056.8047.182.861.321.54
BelgiumBRUSSELS 72436817750.8348.102.470.931.54
SingaporeSGX 32266.67100.001.500.001.50
Greece ATHENS 43824411755.7147.953.151.671.48
CanadaTSX 63953482175354.5150.292.410.931.48
SpainIBEX 84245122253.5649.222.581.111.47
SingaporeSGX 68736416852.9846.152.561.101.46
ItalyBORSA 54583059154856.0550.602.330.921.41
CanadaTSX-V 159682430751.6337.264.723.361.36
UAEUAE 83237.5066.671.670.331.33
DenmarkCOPENHAGEN 60133615955.9147.322.260.931.33
USNYSE 1951010913593855.9554.402.100.771.33
IsraelTASE 75371.4360.001.200.001.20
GermanyXETRA 69264060211658.6652.082.020.831.19
JapanFUKUOKA 56341760.7150.001.790.621.18
Austria WIENERBORSE 39521011253.1653.332.171.031.14
PakistanKSE 2116876.1950.001.250.131.13
NetherlandsAMSTERDAM 131978340859.4452.041.730.641.10
SwitzerlandSIX 2123121761357.3250.371.740.681.06
TurkeyBIST 31133.33100.001.000.001.00
Poland GPW 42150.0050.001.000.001.00
JordanASE 67351152.2431.431.770.800.97
USFOREX 30171056.6758.820.760.000.76
SwedenSTOCKHOLM 332100.0066.670.670.000.67
AustraliaASX 84350.0075.000.500.000.50
ArgentinaBUE 62133.3350.000.500.000.50
ChileBCS 62133.3350.001.000.500.50
KuwaitKSE 2021094353.9639.452.562.080.48
USPREFERRED 2795158876456.8248.110.840.430.41
TaiwanGTSM 1311684.6254.550.360.000.36
Vietnam HOSE 1912663.1650.000.330.000.33
PhilippinesPSE 3013843.3361.540.380.080.31
BangladeshDSE 3019663.3331.580.320.210.11
ThailandSET 31133.33100.000.000.000.00
PortugalLISBON 2000.000.000.000.000.00
RussiaMICEX 1000.000.000.000.000.00
South KoreaKOSDAQ 1000.000.000.000.000.00
IndonesiaIDX 1000.000.000.000.000.00
SpainIBEX 2000.000.000.000.000.00
MalaysiaBURSA 84250.0050.000.250.250.00
SwitzerlandSIX 1000.000.000.000.000.00
FOREXFOREX 32066.670.000.000.000.00
Austria WIENERBORSE 2000.000.000.000.000.00
CanadaTSX 43175.0033.330.330.67-0.33
MexicoBMV 331100.0033.330.330.67-0.33
UKLSE 62133.3350.000.000.50-0.50
JapanTOKYO 32166.6750.000.000.50-0.50
USOTCBB 4019647.5031.586.216.89-0.68
FrancePARIS 31033.330.000.001.00-1.00
DenmarkCOPENHAGEN 31033.330.000.001.00-1.00
GermanyXETRA 31033.330.000.001.00-1.00
BelgiumBRUSSELS 42050.000.000.001.00-1.00
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.

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.