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 1/1/2022
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
JapanSAPPORO 147450.0057.144.570.574.00
OmanMSM 319429.0344.444.110.893.22
PortugalLISBON 41125.00100.003.000.003.00
SpainIBEX 41125.00100.003.000.003.00
Austria WIENERBORSE 41125.00100.003.000.003.00
Hong KongHKEX 222100.00100.003.000.003.00
Greece ATHENS 62233.33100.002.500.002.50
IndiaNSE 93233.3366.672.330.002.33
ArgentinaBUE 2415862.5053.332.470.402.07
SwitzerlandSIX 31133.33100.002.000.002.00
BrazilBOVESPA 125341.6760.001.800.401.40
TurkeyBIST 73242.8666.671.670.331.33
SingaporeSGX 126450.0066.671.330.001.33
IsraelTASE 42271764.2962.961.630.331.30
FOREXFOREX 95155.5620.002.000.801.20
ItalyBORSA 52140.0050.001.500.501.00
GermanyXETRA 52140.0050.001.500.501.00
FrancePARIS 52140.0050.001.500.501.00
ChinaSSE 2013865.0061.541.080.150.92
PakistanKSE 80391948.7548.721.100.210.90
AustraliaASX 2011755.0063.640.910.090.82
ThailandSET 2214763.6450.001.000.290.71
UAEUAE 167443.7557.141.000.290.71
USFOREX 105482645.7154.170.880.170.71
SwedenSTOCKHOLM 3216950.0056.250.690.060.63
Vietnam HOSE 39231058.9743.480.700.090.61
RussiaMICEX 45281662.2257.141.320.750.57
JapanTOKYO 119481.8244.440.890.330.56
Poland GPW 1710658.8260.000.700.300.40
UKLSE 2011755.0063.640.730.360.36
BelgiumBRUSSELS 63150.0033.331.000.670.33
NetherlandsAMSTERDAM 63150.0033.331.000.670.33
TaiwanGTSM 1914773.6850.000.360.070.29
ChileBCS 134230.7750.000.500.250.25
NorwayOSE 2112857.1466.670.500.250.25
MalaysiaBURSA 168450.0050.000.380.250.13
BangladeshDSE 106662762.2640.910.500.380.12
PhilippinesPSE 53271450.9451.850.300.190.11
UAEUAE 7322152.870.260.070.000.07
PortugalLISBON 4046452.971.870.070.020.05
DenmarkCOPENHAGEN 14655452.700.520.050.000.05
QatarQE 5394248.980.760.050.010.04
The World 6284423599212653.410.630.040.010.03
ThailandSET 44567349.060.140.030.000.03
KuwaitKSE 15437551.460.630.030.000.03
EgyptEGX 25828648.920.480.030.000.03
Poland GPW 58931150.690.030.010.000.01
SwedenSTOCKHOLM 77356449.540.100.010.000.01
ItalyBORSA 16174141158.800.120.010.000.01
TaiwanTWSE 16612181056.290.110.010.000.00
TaiwanGTSM 121577352.830.050.000.000.00
ChinaSSE 166986351.650.030.000.000.00
TurkeyBIST 41114251.840.090.000.000.00
AustraliaASX 1239613556.070.070.000.000.00
NetherlandsAMSTERDAM 402411559.590.210.000.000.00
USAMEX 78443258.030.040.000.000.00
FrancePARIS 93673254.830.040.000.000.00
IsraelTASE 66403249.770.060.000.000.00
PhilippinesPSE 17181150.410.120.000.000.00
USNYSE 495108557.890.020.000.000.00
IndiaNSE 3736810549.130.030.000.000.00
IndiaBSE 6018811546.740.020.000.000.00
JapanTOKYO 447506456.800.020.000.000.00
Vietnam HNX 6220050.800.000.000.000.00
USNASDAQ 425140053.140.000.000.000.00
UKLSE 320240055.270.000.000.000.00
USWARRANTS 8000041.630.000.000.000.00
USPREFERRED 570310453.850.130.000.000.00
USOTC PINK 217720052.090.000.000.000.00
RussiaMICEX 27050051.720.000.000.000.00
PakistanKSE 46800049.210.000.000.000.00
NorwayOSE 36630048.380.000.000.000.00
CanadaCSE 12880045.730.000.000.000.00
CanadaTSX-V 35510049.900.000.000.000.00
BrazilBOVESPA 106550053.690.000.000.000.00
BelgiumBRUSSELS 13890053.280.000.000.000.00
Austria WIENERBORSE 193512356.430.270.010.010.00
SwitzerlandSIX 65410057.790.000.000.000.00
ChinaSZSE 200570052.560.000.000.000.00
GermanyXETRA 256360059.420.000.000.000.00
DenmarkCOPENHAGEN 96166.6716.670.500.500.00
SpainIBEX 19540051.640.000.000.000.00
Greece ATHENS 13900053.810.000.000.000.00
JordanASE 750060.000.000.000.000.00
JapanNAGOYA 2450058.370.000.000.000.00
Saudi ArabiaTADAWUL 24410052.400.000.000.000.00
MalaysiaBURSA 26680051.840.000.000.000.00
MexicoBMV 26590054.680.000.000.000.00
IndonesiaIDX 11000.000.000.000.000.00
South KoreaKOSDAQ 102120.0050.000.500.500.00
CanadaTSX 138952156.090.010.000.000.00
ArgentinaBUE 19091056.470.000.000.000.00
ChileBCS 7161051.260.000.000.000.00
Hong KongHKEX 168705348.960.040.000.000.00
South KoreaKOSDAQ 123591050.460.000.000.000.00
BangladeshDSE 53091046.340.000.000.000.00
SingaporeSGX 11811051.740.000.000.000.00
South KoreaKRX 147713151.970.010.000.000.00
IndonesiaIDX 36012048.400.000.000.000.00
Vietnam HOSE 31174152.010.060.000.01-0.01
JapanFUKUOKA 918349.456.670.040.13-0.10
CanadaTSX 64166.6725.000.250.50-0.25
MexicoBMV 54180.0025.000.250.50-0.25
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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