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
Hong KongHKEX 111100.00100.005.000.005.00
ArgentinaBUE 66531718947.6759.626.031.104.92
ChileBCS 109452741.2860.005.600.844.76
OmanMSM 308426.6750.004.630.634.00
JapanSAPPORO 147450.0057.144.570.574.00
TurkeyBIST 3494168296448.1457.314.700.863.84
CanadaCSE 6042629243.3835.118.354.693.66
South KoreaKOSDAQ 96794709263648.6555.984.721.133.58
IsraelTASE 3301150382945.5355.164.471.203.27
EgyptEGX 124863332150.7250.714.581.343.23
IndiaNSE 2577312084653046.8954.044.421.213.20
USNASDAQ 2656813593718451.2052.824.321.323.00
SpainIBEX 31133.33100.003.000.003.00
Austria WIENERBORSE 31133.33100.003.000.003.00
IndiaNSE 42150.0050.003.000.003.00
PortugalLISBON 31133.33100.003.000.003.00
IndiaBSE 3869717870885046.1849.524.541.592.95
PakistanKSE 3072152378849.5851.744.411.512.90
BrazilBOVESPA 40362179121653.9955.813.720.902.82
ChinaSZSE 103245098276549.3854.244.071.282.79
Poland GPW 3992181489045.4449.063.991.222.77
SwedenSTOCKHOLM 55072810138451.0349.254.071.432.64
NorwayOSE 174990646251.8050.994.121.482.64
Vietnam HNX 44822710650.6746.703.961.352.61
Hong KongHKEX 137256677322848.6548.354.011.422.59
TaiwanGTSM 85414327223750.6651.703.520.962.55
IndonesiaIDX 2709126858846.8146.373.901.382.52
Greece ATHENS 42250.00100.002.500.002.50
TurkeyBIST 42250.00100.002.500.002.50
UAEUAE 3081627852.6048.153.901.442.45
USOTC PINK 150247701321451.7441.345.953.542.40
USAMEX 46792486120253.1348.353.671.312.36
PortugalLISBON 3411698849.5652.073.441.122.32
ChinaSSE 69503374181748.5653.843.481.172.31
South KoreaKRX 109435624297651.3952.923.160.882.28
RussiaMICEX 2024102049650.4048.633.381.112.28
The World 41258321281311100851.6052.143.441.182.26
BangladeshDSE 56872810132849.4147.263.411.212.20
Saudi ArabiaTADAWUL 176991451751.6756.563.251.052.20
ChinaSSE 116554.5583.332.170.002.17
JapanNAGOYA 2741387550.3654.352.850.752.09
JapanTOKYO 34322193101045256.2654.133.030.942.09
TaiwanTWSE 109895832312853.0753.642.870.792.08
SpainIBEX 155578239950.2951.023.191.132.06
QatarQE 38321010354.8349.052.820.792.04
SwitzerlandSIX 21150.00100.002.000.002.00
Greece ATHENS 65533816451.6048.524.002.031.97
FrancePARIS 68523496188351.0253.862.810.921.89
MalaysiaBURSA 2440124959851.1947.882.901.041.85
PhilippinesPSE 150072932348.6044.312.871.051.83
SingaporeSGX 54380.0075.001.750.001.75
ThailandSET 2733135461749.5445.572.831.101.73
Vietnam HOSE 2102102749448.8648.102.891.181.71
AustraliaASX 72694078196856.1048.262.991.291.70
DenmarkCOPENHAGEN 115362529754.2147.522.801.111.69
AustraliaASX 136546.1583.331.670.001.67
CanadaTSX 119716405328453.5051.272.600.951.65
ItalyBORSA 99775313272253.2551.232.560.931.63
UKLSE 1979610324547752.1553.052.560.941.62
MexicoBMV 161584844652.5152.592.631.031.59
Austria WIENERBORSE 85344224251.8254.752.470.901.57
NorwayOSE 52240.00100.001.500.001.50
USNYSE 34600193931064056.0554.862.340.841.50
BelgiumBRUSSELS 126968333053.8248.322.440.941.49
CanadaTSX-V 2075105740250.9438.034.913.441.47
NetherlandsAMSTERDAM 2480136570655.0451.722.140.741.40
GermanyXETRA 132157154373154.1452.152.210.901.30
JordanASE 109561951.3833.932.341.071.27
UAEUAE 104340.0075.001.500.251.25
IsraelTASE 75371.4360.001.200.001.20
USWARRANTS 3418852.9444.444.943.891.06
SingaporeSGX 121162026351.2042.422.231.201.03
GermanyXETRA 42150.0050.001.500.501.00
FrancePARIS 42150.0050.001.500.501.00
ItalyBORSA 42150.0050.001.500.501.00
Poland GPW 42150.0050.001.000.001.00
SwitzerlandSIX 40162279118356.7551.911.710.750.97
PakistanKSE 3223971.8839.131.040.130.91
JapanFUKUOKA 85421649.4138.101.710.810.90
KuwaitKSE 3952109253.1643.812.661.860.80
USFOREX 37181148.6561.110.780.000.78
ThailandSET 74257.1450.001.000.250.75
USPREFERRED 47672631139555.1953.021.130.380.74
SwedenSTOCKHOLM 96366.6750.000.670.000.67
ChileBCS 72128.5750.001.000.500.50
UKLSE 1510666.6760.000.800.400.40
BangladeshDSE 46261056.5238.460.540.150.38
TaiwanGTSM 1311684.6254.550.360.000.36
BelgiumBRUSSELS 53160.0033.331.000.670.33
NetherlandsAMSTERDAM 53160.0033.331.000.670.33
Vietnam HOSE 2213659.0946.150.310.000.31
MalaysiaBURSA 127458.3357.140.430.140.29
DenmarkCOPENHAGEN 54180.0025.000.750.500.25
PhilippinesPSE 3716943.2456.250.310.190.13
IndonesiaIDX 6000.000.000.000.000.00
FOREXFOREX 32066.670.000.000.000.00
MexicoBMV 441100.0025.000.250.50-0.25
CanadaTSX 43175.0033.330.330.67-0.33
JapanTOKYO 43175.0033.330.000.33-0.33
ArgentinaBUE 83137.5033.330.331.00-0.67
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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