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.
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.
Pattern Performance in Stock Exchanges since 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
TurkeyBIST 37271868115150.1261.627.850.886.97
ArgentinaBUE 2550147887557.9659.206.531.215.32
ChileBCS 60729519648.6066.445.400.694.70
IndiaBSE 51756239011228046.2251.345.521.474.05
EgyptEGX 2226109762549.2856.975.141.124.02
BrazilBOVESPA 92122.2250.004.500.504.00
JapanSAPPORO 147450.0057.144.570.574.00
IndiaNSE 3355016118896348.0855.565.101.113.99
USOTC PINK 179769218416752.2544.366.672.923.75
USNASDAQ 38785201361054651.9252.375.331.603.73
South KoreaKOSDAQ 113575768322550.8455.854.761.163.60
Poland GPW 54782715130849.6048.145.061.513.55
RussiaMICEX 2684138977951.7556.084.230.803.43
NorwayOSE 3531167686847.8651.364.931.513.43
Vietnam HNX 57929615451.1252.034.781.443.34
OmanMSM 319429.0344.444.110.893.22
SwedenSTOCKHOLM 76643746187448.8850.034.741.593.15
IndonesiaIDX 3507166477147.4546.334.571.473.11
IsraelTASE 59652876157748.2154.834.181.113.07
The World 57987530157715942352.6452.
SpainIBEX 41125.00100.
Austria WIENERBORSE 41125.00100.
Hong KongHKEX 222100.00100.
PortugalLISBON 41125.00100.
Vietnam HOSE 2918150285951.4757.193.931.032.91
TaiwanGTSM 110425771307852.3553.253.890.992.90
PortugalLISBON 40921211451.8353.773.780.992.80
KuwaitKSE 120761529750.9548.
Saudi ArabiaTADAWUL 2248116469651.7859.793.470.722.75
ArgentinaBUE 138561.5462.503.130.382.75
ChinaSZSE 1969810314568852.3655.153.811.072.75
BangladeshDSE 55022629130147.7849.493.911.202.70
Greece ATHENS 123264433752.2752.333.831.172.66
MalaysiaBURSA 2763141467551.1847.743.701.152.55
Greece ATHENS 62233.33100.002.500.002.50
ThailandSET 3840188787049.1446.103.541.082.46
CanadaTSX-V 3530174772749.4941.615.673.222.45
PakistanKSE 3814181087747.4648.453.911.482.43
MexicoBMV 2538137870054.2950.803.711.332.38
USAMEX 72534020194755.4348.433.551.192.36
Hong KongHKEX 159397870375349.3847.683.891.532.36
IndiaNSE 93233.3366.672.330.002.33
SpainIBEX 191597152850.7054.383.270.992.28
QatarQE 48124612951.1452.443.010.742.27
TaiwanTWSE 149008280441255.5753.293.150.902.25
ChinaSSE 154228044437352.1654.363.231.012.22
South KoreaKRX 133986815361650.8753.063.090.902.19
CanadaTSX 143757758410753.9752.943.040.962.09
BrazilBOVESPA 89064819248854.1451.603.070.992.08
DenmarkCOPENHAGEN 156881939452.2348.113.381.312.07
JapanFUKUOKA 80391948.7548.722.840.792.05
Austria WIENERBORSE 1910105656555.2953.503.161.112.05
AustraliaASX 118476576324955.5149.413.521.482.03
JapanTOKYO 41408233011242656.2753.332.960.932.03
SwitzerlandSIX 21150.00100.
PhilippinesPSE 168083539049.7046.712.920.951.97
FrancePARIS 97485281283454.1853.662.910.951.95
USNYSE 46470258461396355.6254.022.760.881.88
UKLSE 2953515896840453.8252.872.911.031.88
BelgiumBRUSSELS 155279639851.2950.002.761.001.77
CanadaCSE 144367023446.4334.935.724.001.72
ItalyBORSA 149668529447857.0752.432.500.871.63
UAEUAE 53229814456.0248.322.651.021.63
GermanyXETRA 2358613740740758.2853.882.330.821.51
JordanASE 77401751.9542.502.451.001.45
SingaporeSGX 106460.0066.671.330.001.33
TurkeyBIST 73242.8666.671.670.331.33
NetherlandsAMSTERDAM 38502216118557.5653.472.060.741.32
SwitzerlandSIX 62403560187257.0552.582.020.831.19
ChinaSSE 1811761.1163.641.270.181.09
ItalyBORSA 52140.0050.001.500.501.00
UAEUAE 136446.1566.671.170.171.00
FrancePARIS 52140.0050.001.500.501.00
GermanyXETRA 52140.0050.001.500.501.00
JapanNAGOYA 2241235454.9143.901.941.000.94
ThailandSET 1912763.1658.331.170.250.92
AustraliaASX 1810655.5660.
PakistanKSE 69391956.5248.721.100.210.90
USFOREX 78341843.5952.940.850.090.76
SingaporeSGX 124265126452.4240.551.971.270.70
Vietnam HOSE 3520957.1445.000.750.050.70
SwedenSTOCKHOLM 2816957.1456.250.690.060.63
ChileBCS 92122.2250.001.000.500.50
Poland GPW 159560.0055.560.780.330.44
UKLSE 1810655.5660.000.800.400.40
NetherlandsAMSTERDAM 63150.0033.331.000.670.33
BelgiumBRUSSELS 63150.0033.331.000.670.33
TaiwanGTSM 1813772.2253.850.380.080.31
IsraelTASE 2210645.4560.000.700.400.30
BangladeshDSE 105652761.9041.540.520.380.14
MalaysiaBURSA 148457.1450.000.380.250.13
NorwayOSE 178547.0662.500.500.380.13
PhilippinesPSE 45221248.8954.550.320.230.09
DenmarkCOPENHAGEN 75171.4320.000.600.600.00
South KoreaKOSDAQ 92122.2250.000.500.500.00
IndonesiaIDX 11000.
USWARRANTS 8000041.630.
USPREFERRED 570310453.850.
RussiaMICEX 2613750.0053.850.690.690.00
JapanTOKYO 97377.7842.860.140.29-0.14
CanadaTSX 54180.0025.000.250.50-0.25
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


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