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 1/1/2017
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
ChileBCS 217916141.9467.037.420.686.74
ArgentinaBUE 88843025348.4258.846.681.115.57
CanadaCSE 64828510643.9837.199.534.335.20
TurkeyBIST 36931821106049.3158.215.490.824.68
JapanSAPPORO 147450.0057.144.570.574.00
South KoreaKOSDAQ 106435274299749.5556.834.991.103.89
EgyptEGX 137270736651.5351.775.181.293.89
IsraelTASE 38331806104047.1257.594.971.113.86
IndiaNSE 2804013303738547.4455.514.981.173.81
Poland GPW 45562103106446.1650.594.731.203.53
USNASDAQ 3026515785849052.1653.794.771.333.44
IndiaBSE 4128819273977446.6850.714.931.533.40
USOTC PINK 175469075393352.4342.756.753.383.36
NorwayOSE 1987103153251.8951.604.751.513.24
OmanMSM 319429.0344.444.110.893.22
SwedenSTOCKHOLM 61173171161551.8650.914.571.363.22
BrazilBOVESPA 47342579144154.4855.874.060.903.15
PakistanKSE 3296164086649.7652.804.521.453.07
Vietnam HNX 46824212151.7150.004.301.263.05
Hong KongHKEX 222100.00100.003.000.003.00
IndiaNSE 42150.0050.003.000.003.00
SpainIBEX 31133.33100.003.000.003.00
Austria WIENERBORSE 31133.33100.003.000.003.00
PortugalLISBON 31133.33100.003.000.003.00
ChinaSZSE 114805836325350.8455.744.231.252.98
IndonesiaIDX 2974141467147.5547.454.281.382.89
TaiwanGTSM 94004835254751.4452.683.730.952.78
South KoreaKRX 111725779313651.7354.273.620.872.75
Hong KongHKEX 150197372359049.0848.704.111.412.70
Saudi ArabiaTADAWUL 190199857752.5057.823.630.992.64
PortugalLISBON 39019510450.0053.333.691.062.63
The World 45181023637512565252.3553.123.791.162.63
USAMEX 52492862145054.5250.663.821.232.59
MalaysiaBURSA 2768143669451.8848.333.671.082.59
ThailandSET 3155160976151.0047.303.661.082.58
RussiaMICEX 2231113857051.0150.093.651.072.58
ChinaSSE 78603898217449.5955.773.681.132.56
Greece ATHENS 42250.00100.002.500.002.50
TurkeyBIST 52240.00100.002.500.002.50
QatarQE 41422511854.3552.443.240.752.50
SpainIBEX 173686845050.0051.843.521.072.45
AustraliaASX 81684644230856.8649.703.691.272.42
TaiwanTWSE 122126557357353.6954.493.140.772.37
PhilippinesPSE 165880637148.6146.033.340.992.35
JapanTOKYO 38259217841199656.9455.073.200.922.28
UAEUAE 3301738052.4246.243.751.492.27
BangladeshDSE 57472839134249.4047.273.471.222.25
Austria WIENERBORSE 36721211557.7754.253.481.252.23
ChinaSSE 126550.0083.332.170.002.17
FrancePARIS 75593939214252.1154.383.060.912.15
CanadaTSX 130507127379454.6153.232.990.912.08
DenmarkCOPENHAGEN 129770434454.2848.863.151.072.08
JapanNAGOYA 2861488351.7556.082.760.692.07
UKLSE 2192611611633253.0254.472.970.912.07
Greece ATHENS 74839219452.4149.493.901.832.07
CanadaTSX-V 2281118947452.1339.875.403.382.02
SwitzerlandSIX 21150.00100.002.000.002.00
Vietnam HOSE 2268113356849.9650.133.051.091.96
MexicoBMV 187898552852.4553.602.911.021.89
SingaporeSGX 64366.6775.001.750.001.75
USNYSE 38302217761214556.8655.772.570.821.75
ItalyBORSA 111376027313654.1252.032.640.901.73
JapanFUKUOKA 89452250.5648.892.360.671.69
NetherlandsAMSTERDAM 2728152479755.8752.302.340.721.62
BelgiumBRUSSELS 142976837353.7448.572.520.951.57
GermanyXETRA 150238339435155.5452.152.430.901.53
AustraliaASX 136446.1566.671.500.001.50
USPREFERRED 55273062168255.4054.931.700.391.30
SingaporeSGX 135571130652.4743.042.461.181.28
IsraelTASE 75371.4360.001.200.001.20
SwitzerlandSIX 45182619139857.9753.381.900.721.18
KuwaitKSE 46924811252.8845.162.891.771.13
JordanASE 104531950.9635.852.171.061.11
Poland GPW 63250.0066.671.000.001.00
FrancePARIS 42150.0050.001.500.501.00
GermanyXETRA 42150.0050.001.500.501.00
ItalyBORSA 42150.0050.001.500.501.00
UAEUAE 115345.4560.001.200.201.00
Vietnam HOSE 2414758.3350.000.930.000.93
USFOREX 43201146.5155.000.950.050.90
ThailandSET 74257.1450.001.000.250.75
PakistanKSE 3926966.6734.620.920.190.73
SwedenSTOCKHOLM 158453.3350.000.630.000.63
ChileBCS 72128.5750.001.000.500.50
NorwayOSE 84350.0075.000.750.250.50
UKLSE 1510666.6760.000.800.400.40
BangladeshDSE 50281156.0039.290.540.180.36
NetherlandsAMSTERDAM 53160.0033.331.000.670.33
BelgiumBRUSSELS 53160.0033.331.000.670.33
USWARRANTS 57291450.8848.283.903.590.31
MalaysiaBURSA 127458.3357.140.430.140.29
TaiwanGTSM 1412685.7150.000.330.080.25
DenmarkCOPENHAGEN 64166.6725.000.750.500.25
PhilippinesPSE 3817944.7452.940.290.240.06
JapanTOKYO 54280.0050.000.250.250.00
IndonesiaIDX 11000.000.000.000.000.00
MexicoBMV 441100.0025.000.250.50-0.25
CanadaTSX 43175.0033.330.330.67-0.33
ArgentinaBUE 83137.5033.330.331.00-0.67
FOREXFOREX 43075.000.000.000.67-0.67
USOTCBB 4019647.5031.586.216.89-0.68
South KoreaKOSDAQ 31033.330.000.001.00-1.00
RussiaMICEX 21050.000.000.002.00-2.00
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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