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
TurkeyBIST 38141845108148.3758.596.580.845.75
USWARRANTS 80534316743.6047.589.203.825.38
ChileBCS 50924516748.1368.165.830.765.07
ArgentinaBUE 174591651454.1054.455.541.254.29
Vietnam HNX 55427314549.2853.115.771.494.28
IndiaNSE 3215015521886848.2857.135.311.054.25
IndiaBSE 48532226281202246.6653.085.631.404.23
JapanSAPPORO 147450.0057.144.570.574.00
USNASDAQ 3501018265988452.2154.075.351.443.91
South KoreaKOSDAQ 114385696324849.8157.014.761.043.72
NorwayOSE 2902144973749.9350.865.191.503.69
USOTC PINK 2163111117490752.2443.427.053.393.66
EgyptEGX 179388848749.5854.784.871.243.63
IsraelTASE 53442599148548.7357.034.651.043.61
Poland GPW 53052514124147.5649.194.771.373.40
Greece ATHENS 114058932851.6755.694.431.123.31
Vietnam HOSE 2610135877252.0356.854.210.973.24
OmanMSM 319429.0344.444.110.893.22
SwedenSTOCKHOLM 70413561181250.5850.884.541.453.09
PortugalLISBON 39520611352.1554.853.970.933.03
Austria WIENERBORSE 41125.00100.003.000.003.00
SpainIBEX 41125.00100.003.000.003.00
Hong KongHKEX 222100.00100.003.000.003.00
IndiaNSE 72128.5750.003.000.003.00
PortugalLISBON 41125.00100.003.000.003.00
ChinaSZSE 185679574543051.5656.724.031.052.98
IndonesiaIDX 3278157874848.1447.404.341.422.93
Saudi ArabiaTADAWUL 1941103962153.5359.773.580.702.88
TaiwanGTSM 107075598296752.2853.003.750.972.78
ThailandSET 3388169380249.9747.373.801.072.73
The World 55213629031115630352.6453.773.871.142.72
PakistanKSE 3560173084848.6049.024.241.522.71
PhilippinesPSE 171786340250.2646.583.660.962.70
QatarQE 43522511951.7252.893.300.652.65
South KoreaKRX 127576415354550.2955.263.380.812.57
MalaysiaBURSA 2939143769148.8948.093.701.152.54
Hong KongHKEX 157377688380548.8549.493.871.362.51
Greece ATHENS 62233.33100.002.500.002.50
TurkeyBIST 52240.00100.002.500.002.50
RussiaMICEX 3047146675248.7450.643.430.942.48
BangladeshDSE 63453029147647.7448.733.621.182.44
CanadaTSX-V 3396169168449.9740.315.693.272.42
USAMEX 65253680184656.4050.163.491.112.38
ChinaSSE 124586462364551.8856.403.310.942.37
AustraliaASX 110246168308755.9650.043.721.372.34
TaiwanTWSE 143737893427854.9254.203.150.832.33
SpainIBEX 186495651551.2953.873.280.972.31
Austria WIENERBORSE 105262533759.4153.923.641.332.31
MexicoBMV 2438132369054.2752.153.551.252.31
BrazilBOVESPA 79614286224754.2052.073.321.072.25
FrancePARIS 92275047273654.7054.213.030.912.12
JapanTOKYO 43088239721302255.6554.313.020.902.12
CanadaTSX 140997653413054.2853.973.020.912.11
SwitzerlandSIX 21150.00100.002.000.002.00
DenmarkCOPENHAGEN 146877437252.7248.063.271.272.00
USNYSE 41682234441327856.2456.642.820.831.99
UKLSE 2679214396779853.7354.172.930.981.95
UAEUAE 37421310556.9549.302.981.081.90
ItalyBORSA 134637665409056.9353.372.690.821.87
CanadaCSE 137164722547.2634.725.844.071.77
BelgiumBRUSSELS 143774536251.8448.592.731.001.72
KuwaitKSE 94548923851.7548.673.171.521.65
GermanyXETRA 2120812396678258.5054.662.380.781.61
SingaporeSGX 85462.5080.001.600.001.60
JapanFUKUOKA 93452048.3944.442.380.801.58
NetherlandsAMSTERDAM 35011981107456.5854.222.170.671.50
USPREFERRED 54062960159954.7554.021.860.411.45
JapanNAGOYA 2621427054.2049.302.180.801.38
SwitzerlandSIX 58343303179556.6254.342.040.781.26
JordanASE 84391446.4335.902.361.151.21
IsraelTASE 105350.0060.001.200.001.20
SingaporeSGX 124464728152.0943.362.321.141.17
ArgentinaBUE 127458.3357.141.570.431.14
AustraliaASX 158553.3362.501.250.131.13
ChinaSSE 1610662.5060.001.300.201.10
Poland GPW 117563.6471.431.000.001.00
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
Vietnam HOSE 2817960.7152.940.880.000.88
USFOREX 57261445.6153.850.880.040.85
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
BangladeshDSE 80482060.0041.670.560.290.27
TaiwanGTSM 1712670.5950.000.330.080.25
DenmarkCOPENHAGEN 64166.6725.000.750.500.25
SwedenSTOCKHOLM 2213659.0946.150.310.080.23
MalaysiaBURSA 148457.1450.000.380.250.13
PhilippinesPSE 44211147.7352.380.330.240.10
IndonesiaIDX 11000.000.000.000.000.00
South KoreaKOSDAQ 62133.3350.000.500.500.00
JapanTOKYO 54280.0050.000.250.250.00
NorwayOSE 126350.0050.000.500.500.00
RussiaMICEX 135238.4640.000.600.80-0.20
MexicoBMV 54180.0025.000.250.50-0.25
CanadaTSX 43175.0033.330.330.67-0.33
FOREXFOREX 63050.000.000.000.67-0.67
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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