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 1/1/2019
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
BrazilBOVESPA 51120.00100.009.000.009.00
USWARRANTS 71331016243.4852.2610.333.257.08
TurkeyBIST 36231733100947.8358.226.620.855.77
FOREXFOREX 104140.0025.005.500.505.00
ChileBCS 48823915948.9866.535.700.744.96
ArgentinaBUE 164586948552.8955.755.631.264.37
IndiaBSE 45516211231117146.4252.875.721.384.34
IndiaNSE 3049014587828547.8556.795.391.054.34
Vietnam HNX 52126012849.9049.235.621.434.19
JapanSAPPORO 147450.0057.144.570.574.00
NorwayOSE 2686132867649.4450.905.281.433.85
South KoreaKOSDAQ 108895439312049.9657.354.861.023.85
USNASDAQ 3334117288930451.9153.765.271.423.84
USOTC PINK 1980710242449852.3143.417.053.243.80
IsraelTASE 49912409136648.3156.664.781.053.73
EgyptEGX 168783945649.7354.354.801.283.52
Greece ATHENS 104453829651.5355.024.521.133.39
Poland GPW 49772351116647.2449.604.711.373.34
OmanMSM 319429.0344.444.110.893.22
SwedenSTOCKHOLM 65563326169950.9050.914.591.433.16
IndonesiaIDX 3124151271948.4047.554.451.413.04
PortugalLISBON 41125.00100.003.000.003.00
Austria WIENERBORSE 41125.00100.003.000.003.00
SpainIBEX 41125.00100.003.000.003.00
IndiaNSE 62133.3350.003.000.003.00
Hong KongHKEX 222100.00100.003.000.003.00
PortugalLISBON 38620110852.0753.733.920.932.99
Vietnam HOSE 2512130468751.9152.683.930.952.98
ChinaSZSE 178729132511251.1055.984.001.072.93
PhilippinesPSE 163982438450.2746.603.770.962.81
ThailandSET 3200159173949.7546.423.791.022.77
TaiwanGTSM 101145243275651.8452.573.720.972.75
The World 52398427437214720752.4153.603.861.132.74
Saudi ArabiaTADAWUL 180494955652.6158.593.420.732.69
PakistanKSE 3426164780148.0748.634.251.562.68
South KoreaKRX 119556063337850.8755.543.440.792.66
MalaysiaBURSA 2812138267049.1548.483.781.142.65
Hong KongHKEX 153237453370148.6449.663.951.362.59
RussiaMICEX 2786133267748.4250.193.500.942.56
QatarQE 41321811352.7851.833.170.672.51
Greece ATHENS 52240.00100.002.500.002.50
TurkeyBIST 52240.00100.002.500.002.50
BangladeshDSE 60512892139947.7948.373.651.192.46
ChinaSSE 120006170348251.4556.403.330.942.39
TaiwanTWSE 135237392402354.6654.423.180.802.37
USAMEX 62353487172655.9349.503.471.132.35
CanadaTSX-V 3195158663249.9539.605.623.292.33
Austria WIENERBORSE 101059631959.0153.523.621.302.32
MexicoBMV 2351126266353.6852.543.541.222.32
AustraliaASX 103445775287255.8349.733.671.372.30
SpainIBEX 178890848850.7853.743.270.972.30
BrazilBOVESPA 74864007208753.7451.883.381.082.29
FrancePARIS 87384754258754.4154.423.080.892.19
JapanTOKYO 40907226381225355.3454.133.040.912.12
CanadaTSX 133657226387754.0753.652.980.892.09
SwitzerlandSIX 21150.00100.002.000.002.00
UAEUAE 3351858855.2247.573.071.091.98
DenmarkCOPENHAGEN 141073135051.8447.883.221.251.98
USNYSE 39998223691261655.9856.352.760.811.95
UKLSE 2541413541733853.3154.172.890.961.93
KuwaitKSE 84643521451.4249.203.231.421.81
BelgiumBRUSSELS 138870934351.0848.382.781.011.78
ItalyBORSA 126797198383356.7753.252.580.811.76
CanadaCSE 134363321947.1334.605.834.111.73
GermanyXETRA 1975611506630758.2454.812.380.771.61
SingaporeSGX 85462.5080.001.600.001.60
JapanFUKUOKA 91441948.3543.182.360.821.55
NetherlandsAMSTERDAM 32761859101656.7554.652.180.671.51
JapanNAGOYA 2551386854.1249.282.220.821.41
SwitzerlandSIX 54733083167756.3354.402.060.761.30
USPREFERRED 50762775145654.6752.471.710.411.30
SingaporeSGX 121362027451.1144.192.421.131.29
Poland GPW 74357.1475.001.250.001.25
ChinaSSE 159560.0055.561.440.221.22
IsraelTASE 105350.0060.001.200.001.20
AustraliaASX 158553.3362.501.250.131.13
UAEUAE 125341.6760.001.200.201.00
ItalyBORSA 52140.0050.001.500.501.00
FrancePARIS 52140.0050.001.500.501.00
GermanyXETRA 52140.0050.001.500.501.00
JordanASE 80381347.5034.212.081.180.89
Vietnam HOSE 2817960.7152.940.880.000.88
USFOREX 54251346.3052.000.880.040.84
PakistanKSE 57311254.3938.710.970.190.77
ThailandSET 115345.4560.000.800.200.60
ChileBCS 72128.5750.001.000.500.50
UKLSE 1610662.5060.000.800.400.40
NetherlandsAMSTERDAM 63150.0033.331.000.670.33
BelgiumBRUSSELS 63150.0033.331.000.670.33
SwedenSTOCKHOLM 2112557.1441.670.330.080.25
TaiwanGTSM 1712670.5950.000.330.080.25
DenmarkCOPENHAGEN 64166.6725.000.750.500.25
NorwayOSE 105350.0060.000.600.400.20
ArgentinaBUE 116354.5550.000.670.500.17
MalaysiaBURSA 148457.1450.000.380.250.13
BangladeshDSE 79481960.7639.580.400.290.10
PhilippinesPSE 43211148.8452.380.330.240.10
South KoreaKOSDAQ 52140.0050.000.500.500.00
JapanTOKYO 54280.0050.000.250.250.00
IndonesiaIDX 11000.000.000.000.000.00
RussiaMICEX 65283.3340.000.600.80-0.20
MexicoBMV 54180.0025.000.250.50-0.25
CanadaTSX 43175.0033.330.330.67-0.33
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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