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
CanadaCSE 148703147.3044.2918.693.9714.71
BrazilBOVESPA 31133.33100.009.000.009.00
ArgentinaBUE 26314811156.2775.007.470.536.95
USOTC PINK 77254106200953.1548.937.722.695.03
EgyptEGX 68637622054.8158.515.810.964.85
IndiaBSE 2344311459688748.8860.105.791.094.70
IndiaNSE 154167611486749.3763.955.470.834.64
South KoreaKOSDAQ 58012881181649.6663.035.220.814.41
RussiaMICEX 97951028952.0956.674.800.794.01
JapanSAPPORO 147450.0057.144.570.574.00
UAEUAE 2041035850.4956.314.991.113.88
TurkeyBIST 192998861051.2261.744.490.633.86
PakistanKSE 182895657352.3059.944.821.023.80
Hong KongHKEX 77803801209748.8655.174.911.153.76
IndonesiaIDX 140967533847.9150.074.821.113.71
USNASDAQ 150577922483452.6960.934.390.903.48
ChinaSZSE 38741884121748.6364.604.471.043.43
BrazilBOVESPA 2039112870355.4262.213.920.673.24
QatarQE 2131106651.6460.003.690.493.20
USAMEX 2724146378253.8553.314.191.033.17
TaiwanGTSM 50622543149150.2458.633.800.693.11
PortugalLISBON 1951086655.3861.113.940.833.11
IsraelTASE 176883851347.4061.224.081.033.05
Poland GPW 2394109462345.7056.953.920.913.00
South KoreaKRX 57613058181653.0859.393.650.662.99
The World 2323651245137307853.6058.673.880.892.99
JapanNAGOYA 160906456.2571.113.330.342.99
Saudi ArabiaTADAWUL 113656935150.0961.693.810.822.99
PhilippinesPSE 81940921649.9452.813.680.722.96
SwedenSTOCKHOLM 3030161988853.5654.713.951.042.91
Vietnam HNX 3391758751.6249.714.191.372.82
ChinaSSE 2652122278446.0864.163.821.012.81
SpainIBEX 85146026754.0558.043.560.772.79
BangladeshDSE 2984148882849.8755.653.650.862.79
ChinaSSE 53260.0066.672.670.002.67
TaiwanTWSE 62903317197752.7359.603.200.612.59
CanadaTSX-V 129969926953.8138.485.282.722.56
JapanTOKYO 1991811573695258.1160.063.230.732.51
UAEUAE 42250.00100.002.500.002.50
AustraliaASX 42172385126956.5653.213.340.992.35
USWARRANTS 86432150.0048.844.772.442.33
NorwayOSE 101354229853.5054.983.621.302.31
ThailandSET 140174837253.3949.733.220.932.29
Vietnam HOSE 97449227550.5155.893.220.932.29
UKLSE 110895897354353.1960.072.920.702.21
BelgiumBRUSSELS 77642624454.9057.282.670.482.19
CanadaTSX 71253990223756.0656.012.910.772.15
OmanMSM 257328.0042.862.710.572.14
FrancePARIS 35521933115354.4259.652.760.682.09
MalaysiaBURSA 141074638652.9151.742.870.842.04
Greece ATHENS 21150.00100.002.000.002.00
NorwayOSE 41125.00100.002.000.002.00
ItalyBORSA 57813188178855.1556.092.670.741.93
USNYSE 2024012192726460.2559.572.580.661.93
DenmarkCOPENHAGEN 67438820957.5753.872.610.721.88
MexicoBMV 95951228453.3955.472.660.861.80
Austria WIENERBORSE 34720611659.3756.312.460.661.80
ChileBCS 189550.0055.563.221.441.78
GermanyXETRA 70914133235658.2957.002.460.741.72
SingaporeSGX 87546921653.6046.062.650.981.66
NetherlandsAMSTERDAM 120070840159.0056.642.120.561.56
SingaporeSGX 222100.00100.001.500.001.50
Greece ATHENS 3421879754.6851.873.372.171.20
IsraelTASE 75371.4360.001.200.001.20
SwitzerlandSIX 2159130273160.4056.061.750.581.17
JordanASE 80451756.2537.782.040.931.11
KuwaitKSE 129753158.1441.332.691.651.04
Poland GPW 32166.6750.001.000.001.00
JapanFUKUOKA 46251754.3568.001.280.360.92
USFOREX 2616961.5456.250.810.000.81
AustraliaASX 73242.8666.670.670.000.67
USPREFERRED 2856167394458.5856.430.970.360.61
ChileBCS 62133.3350.001.000.500.50
ArgentinaBUE 42150.0050.000.500.000.50
SwedenSTOCKHOLM 221100.0050.000.500.000.50
PhilippinesPSE 2110847.6280.000.500.000.50
TaiwanGTSM 1311684.6254.550.360.000.36
Vietnam HOSE 1610462.5040.000.300.000.30
BangladeshDSE 2015675.0040.000.400.130.27
PakistanKSE 1210383.3330.000.200.100.10
MalaysiaBURSA 63150.0033.330.330.330.00
NetherlandsAMSTERDAM 1000.000.000.000.000.00
IndiaNSE 31033.330.000.000.000.00
ItalyBORSA 1000.000.000.000.000.00
South KoreaKOSDAQ 1000.000.000.000.000.00
SpainIBEX 1000.000.000.000.000.00
DenmarkCOPENHAGEN 1000.000.000.000.000.00
FrancePARIS 1000.000.000.000.000.00
GermanyXETRA 1000.000.000.000.000.00
BelgiumBRUSSELS 1000.000.000.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
FOREXFOREX 21150.00100.000.000.000.00
Austria WIENERBORSE 1000.000.000.000.000.00
TurkeyBIST 2000.000.000.000.000.00
ThailandSET 31133.33100.000.000.000.00
PortugalLISBON 1000.000.000.000.000.00
MexicoBMV 331100.0033.330.330.67-0.33
UKLSE 32166.6750.000.000.50-0.50
JapanTOKYO 32166.6750.000.000.50-0.50
USOTCBB 4019647.5031.586.216.89-0.68
CanadaTSX 32066.670.000.001.00-1.00
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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