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
BrazilBOVESPA 31133.33100.009.000.009.00
CanadaCSE 3121345643.2741.4811.193.637.56
ArgentinaBUE 41921315550.8472.777.400.536.87
EgyptEGX 89547827553.4157.535.540.994.55
USOTC PINK 106775583262452.5146.806.992.714.28
IndiaNSE 195729448593548.3262.765.120.864.25
OmanMSM 278429.6350.004.750.504.25
IndiaBSE 2954514025818047.4958.305.361.144.22
USAMEX 2617132469850.5952.725.361.184.18
South KoreaKOSDAQ 74273589226448.3563.055.010.844.17
ChinaSZSE 60262886187147.8964.835.010.984.03
JapanSAPPORO 147450.0057.144.570.574.00
TurkeyBIST 2584128079749.5462.274.490.673.81
IsraelTASE 2294106364246.4360.284.811.003.81
PakistanKSE 2286115969450.7059.884.791.053.74
UAEUAE 2501287351.2057.034.631.163.47
IndonesiaIDX 191790845747.3750.334.561.143.41
ChinaSSE 41441943124046.8963.824.310.943.37
USNASDAQ 1929910005596951.8859.624.280.933.35
Hong KongHKEX 101414949263548.8053.244.461.163.30
RussiaMICEX 131966436050.8053.734.050.863.19
TaiwanGTSM 66953356196050.1358.403.840.713.13
Vietnam HNX 4002029750.5048.024.501.413.09
BrazilBOVESPA 2874158197155.0161.423.780.703.08
PortugalLISBON 2531307751.3859.233.770.763.01
SwedenSTOCKHOLM 40472094114751.7454.784.071.063.00
Poland GPW 3018134474644.6755.343.860.962.90
Saudi ArabiaTADAWUL 137969242650.1861.563.600.762.84
QatarQE 2981639554.7058.283.360.542.82
The World 3028301581689126452.2657.673.720.912.80
BangladeshDSE 39781992109650.0855.023.670.882.80
JapanNAGOYA 2071076951.6964.493.230.472.77
South KoreaKRX 78194052238251.8258.793.430.682.75
TaiwanTWSE 83914436264352.8759.583.180.632.55
PhilippinesPSE 113756528249.6949.913.330.782.54
SpainIBEX 112258033251.6957.243.390.892.50
NorwayOSE 125566636253.1554.273.741.262.48
Vietnam HOSE 144571139749.2055.843.400.952.45
JapanTOKYO 2603814690869556.4359.173.130.742.39
ChinaSSE 74357.1475.002.250.002.25
USWARRANTS 96482350.0047.924.212.102.10
CanadaTSX-V 178192735052.1137.724.932.852.08
MexicoBMV 124066138053.3157.492.850.832.02
NorwayOSE 41125.00100.002.000.002.00
ChileBCS 34171050.0058.822.940.942.00
Greece ATHENS 31133.33100.002.000.002.00
UKLSE 142497463435152.3858.302.720.722.00
ThailandSET 186194244950.6247.662.940.951.98
AustraliaASX 54383055160756.2052.593.021.051.97
MalaysiaBURSA 188795648150.6650.312.890.931.96
CanadaTSX 90614911271354.2555.192.680.761.92
FrancePARIS 47812495144752.2157.972.600.681.91
BelgiumBRUSSELS 96950928352.5355.602.570.671.90
ItalyBORSA 73553975218854.0455.042.610.741.87
DenmarkCOPENHAGEN 82545723855.3952.082.500.751.74
USNYSE 2724015613915257.3358.602.390.661.73
Austria WIENERBORSE 51027815454.5155.402.350.721.63
SingaporeSGX 106456025752.6345.892.560.981.58
GermanyXETRA 92355197290556.3155.872.300.731.57
Greece ATHENS 49626814654.0354.483.351.841.51
SingaporeSGX 32266.67100.001.500.001.50
UAEUAE 83237.5066.671.670.331.33
NetherlandsAMSTERDAM 168495452856.6555.351.950.641.30
IsraelTASE 75371.4360.001.200.001.20
PakistanKSE 2116876.1950.001.250.131.13
KuwaitKSE 2101134853.8142.482.961.841.12
SwitzerlandSIX 2897165190856.9955.001.680.591.09
TurkeyBIST 31133.33100.001.000.001.00
Poland GPW 42150.0050.001.000.001.00
JordanASE 97501851.5536.001.840.900.94
USFOREX 29171058.6258.820.760.000.76
SwedenSTOCKHOLM 332100.0066.670.670.000.67
JapanFUKUOKA 66361854.5550.001.110.500.61
AustraliaASX 84350.0075.000.500.000.50
ArgentinaBUE 52140.0050.000.500.000.50
ChileBCS 62133.3350.001.000.500.50
USPREFERRED 36762064111456.1853.950.790.330.46
TaiwanGTSM 1311684.6254.550.360.000.36
PhilippinesPSE 2813846.4361.540.380.080.31
Vietnam HOSE 1811561.1145.450.270.000.27
BangladeshDSE 2817760.7141.180.350.120.24
ThailandSET 31133.33100.000.000.000.00
PortugalLISBON 2000.000.000.000.000.00
RussiaMICEX 1000.000.000.000.000.00
South KoreaKOSDAQ 1000.000.000.000.000.00
IndonesiaIDX 1000.000.000.000.000.00
SpainIBEX 2000.000.000.000.000.00
IndiaNSE 31033.330.000.000.000.00
MalaysiaBURSA 84250.0050.000.250.250.00
SwitzerlandSIX 1000.000.000.000.000.00
FOREXFOREX 32266.67100.000.000.000.00
Austria WIENERBORSE 2000.000.000.000.000.00
MexicoBMV 331100.0033.330.330.67-0.33
UKLSE 62133.3350.000.000.50-0.50
JapanTOKYO 32166.6750.000.000.50-0.50
USOTCBB 4019647.5031.586.216.89-0.68
DenmarkCOPENHAGEN 31033.330.000.001.00-1.00
FrancePARIS 31033.330.000.001.00-1.00
GermanyXETRA 31033.330.000.001.00-1.00
BelgiumBRUSSELS 42050.000.000.001.00-1.00
CanadaTSX 32066.670.000.001.00-1.00
NetherlandsAMSTERDAM 42050.000.000.001.00-1.00
ItalyBORSA 31033.330.000.001.00-1.00
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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