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 2491077442.9769.167.510.676.84
ArgentinaBUE 95847328349.3759.837.381.076.31
USWARRANTS 93522555.9148.088.793.425.37
TurkeyBIST 37541853108649.3658.615.960.815.15
CanadaCSE 67430611745.4038.249.404.285.11
EgyptEGX 144774739351.6252.615.581.254.32
JapanSAPPORO 147450.0057.144.570.574.00
South KoreaKOSDAQ 110785506316049.7057.395.011.083.93
IndiaNSE 2927013935775647.6355.634.991.163.83
IsraelTASE 40021913110847.8357.894.921.103.83
Poland GPW 47982210111846.0850.574.851.233.62
USOTC PINK 183989515414852.4842.966.943.373.57
USNASDAQ 3076416153869352.5453.784.801.333.48
IndiaBSE 42989201481025846.8950.894.941.523.41
NorwayOSE 2094108456751.7752.314.881.503.37
OmanMSM 319429.0344.444.110.893.22
SwedenSTOCKHOLM 64493363171152.1550.884.611.423.18
BrazilBOVESPA 50272786156555.5456.054.070.903.16
Vietnam HNX 47924612451.3650.414.371.283.10
PakistanKSE 3470172891249.8052.784.531.453.09
IndonesiaIDX 3104148071047.6847.974.421.373.04
PortugalLISBON 31133.33100.003.000.003.00
SpainIBEX 31133.33100.003.000.003.00
Austria WIENERBORSE 31133.33100.003.000.003.00
IndiaNSE 42150.0050.003.000.003.00
Hong KongHKEX 222100.00100.003.000.003.00
ChinaSZSE 122316212347750.7955.974.231.242.99
Saudi ArabiaTADAWUL 1958103060152.6058.353.890.962.93
TaiwanGTSM 97405018266351.5253.073.750.942.81
PortugalLISBON 40620410950.2553.433.821.092.73
Hong KongHKEX 155527651376449.2249.174.111.392.72
South KoreaKRX 118666100335551.5454.863.570.852.72
MalaysiaBURSA 2883150172852.0648.503.791.082.71
The World 47921125128813419052.5053.333.821.162.66
SpainIBEX 178689447050.0652.573.671.052.62
RussiaMICEX 2390120160550.2550.373.641.062.58
PhilippinesPSE 171284339449.2446.743.510.962.54
USAMEX 55743063152854.9549.893.771.232.54
ChinaSSE 83444174234350.0256.133.631.102.53
ThailandSET 3294168378651.2146.593.621.112.51
QatarQE 42823412654.6753.853.240.732.51
Greece ATHENS 42250.00100.002.500.002.50
TurkeyBIST 52240.00100.002.500.002.50
AustraliaASX 86264913246356.9950.103.731.282.45
Greece ATHENS 79041020751.9050.494.211.772.44
TaiwanTWSE 127016847373753.9154.583.150.762.39
Austria WIENERBORSE 41123712957.6654.433.681.332.35
UAEUAE 3491838652.4446.993.781.462.32
BangladeshDSE 59842945138949.2147.163.511.222.29
JapanNAGOYA 2881508352.0855.332.930.652.28
JapanTOKYO 39996227051245956.7754.873.190.932.27
FrancePARIS 79524138227152.0754.843.150.902.24
DenmarkCOPENHAGEN 135173135854.1148.973.251.062.19
UKLSE 2314512217673053.0554.813.050.892.16
CanadaTSX 133487318389354.8253.203.020.912.11
CanadaTSX-V 2409125650852.1840.415.423.382.04
MexicoBMV 1997105256752.6853.903.031.032.00
SwitzerlandSIX 21150.00100.002.000.002.00
Vietnam HOSE 2368118760150.1350.633.091.101.99
JapanFUKUOKA 93421845.1642.862.520.711.81
ItalyBORSA 115876221324853.9651.952.680.881.79
USNYSE 39386224391236656.9955.092.600.841.76
SingaporeSGX 64366.6775.001.750.001.75
GermanyXETRA 157978759466055.4953.162.590.871.72
NetherlandsAMSTERDAM 2866158784255.3753.062.380.701.68
BelgiumBRUSSELS 148881039354.4448.522.590.941.65
ChinaSSE 148557.1462.501.630.131.50
KuwaitKSE 51327512653.6145.823.201.761.44
AustraliaASX 147550.0071.431.430.001.43
USPREFERRED 55563092171055.6555.301.660.391.27
SwitzerlandSIX 46532672143357.4353.631.980.721.26
IsraelTASE 75371.4360.001.200.001.20
SingaporeSGX 139773031052.2542.472.411.211.20
JordanASE 100511751.0033.332.221.081.14
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
USFOREX 45221248.8954.550.950.050.91
Vietnam HOSE 2717962.9652.940.880.000.88
ThailandSET 84250.0050.001.000.250.75
PakistanKSE 5227951.9233.330.890.220.67
ChileBCS 72128.5750.001.000.500.50
NorwayOSE 84350.0075.000.750.250.50
SwedenSTOCKHOLM 169456.2544.440.440.000.44
UKLSE 1510666.6760.000.800.400.40
BangladeshDSE 55301354.5543.330.530.170.37
NetherlandsAMSTERDAM 53160.0033.331.000.670.33
BelgiumBRUSSELS 53160.0033.331.000.670.33
MalaysiaBURSA 127458.3357.140.430.140.29
TaiwanGTSM 1412685.7150.000.330.080.25
DenmarkCOPENHAGEN 64166.6725.000.750.500.25
PhilippinesPSE 39181046.1555.560.390.220.17
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 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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