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
CanadaCSE 213924143.1944.5714.723.5211.20
BrazilBOVESPA 31133.33100.009.000.009.00
ArgentinaBUE 31717112653.9473.687.070.536.54
USOTC PINK 88464722226853.4447.987.412.664.74
EgyptEGX 78342024053.6457.145.650.994.66
IndiaBSE 2569412405736148.2859.345.541.114.43
IndiaNSE 170248354530149.0763.455.270.844.42
South KoreaKOSDAQ 63103130196949.6562.855.140.824.32
ChinaSZSE 46042240146848.6565.545.251.004.26
OmanMSM 278429.6350.004.750.504.25
JapanSAPPORO 147450.0057.144.570.574.00
USAMEX 2391123666151.6953.484.981.153.82
PakistanKSE 1994101962351.1061.144.750.983.78
TurkeyBIST 2192109267650.0961.574.390.623.76
RussiaMICEX 111156931651.3155.444.570.853.72
IsraelTASE 199393757647.0661.414.721.003.72
IndonesiaIDX 162776838847.2050.524.751.103.65
UAEUAE 2301176650.8756.414.741.103.64
Hong KongHKEX 86234248231749.2654.544.731.163.57
USNASDAQ 165668786533853.0460.764.450.903.54
ChinaSSE 3141147894747.1563.944.190.953.24
Vietnam HNX 3771929450.9348.964.691.463.23
TaiwanGTSM 57292891169350.4658.563.910.693.21
JapanNAGOYA 180966653.3368.753.570.393.19
BrazilBOVESPA 2369128478354.2860.893.760.723.04
QatarQE 2611368052.1158.823.520.572.96
The World 2571901373898025153.4458.383.830.892.94
Saudi ArabiaTADAWUL 122661237850.0061.663.730.802.93
South KoreaKRX 64633433203053.1859.063.570.672.91
PortugalLISBON 2151146753.0258.773.700.822.88
SwedenSTOCKHOLM 3388179798353.2254.523.851.042.81
Poland GPW 2611117865845.2355.723.690.962.73
PhilippinesPSE 95446623948.8551.293.480.772.71
BangladeshDSE 3396170493950.1855.113.540.882.66
SpainIBEX 94750829053.6457.093.400.752.65
TaiwanTWSE 71073775225353.1259.683.260.622.65
CanadaTSX-V 149880130953.4738.585.222.712.51
UAEUAE 62233.33100.002.500.002.50
JapanTOKYO 2219512895773058.1059.943.190.732.46
Vietnam HOSE 118057732248.9055.813.300.932.37
NorwayOSE 107559532855.3555.133.591.282.31
UKLSE 121586435385152.9359.842.970.702.26
ChinaSSE 74357.1475.002.250.002.25
AustraliaASX 46342594137155.9852.853.241.002.23
ThailandSET 157681840351.9049.273.160.932.23
BelgiumBRUSSELS 84545826254.2057.212.650.512.14
CanadaTSX 78334395248256.1156.472.840.752.09
NorwayOSE 41125.00100.002.000.002.00
Greece ATHENS 21150.00100.002.000.002.00
FrancePARIS 38842109123154.3058.372.680.691.99
MalaysiaBURSA 163783542651.0151.022.900.921.97
ItalyBORSA 63123474192355.1255.272.630.731.90
MexicoBMV 107156632153.5056.022.700.811.89
USNYSE 2261513635811660.3059.512.500.641.85
DenmarkCOPENHAGEN 72641922357.7153.222.460.701.76
Austria WIENERBORSE 39522813057.7257.022.380.671.71
SingaporeSGX 97752624553.8446.582.620.951.67
GermanyXETRA 75874409247958.1756.172.400.771.63
SingaporeSGX 222100.00100.001.500.001.50
NetherlandsAMSTERDAM 130176942359.1155.012.090.641.45
ChileBCS 2513752.0053.852.621.231.38
IsraelTASE 75371.4360.001.200.001.20
Greece ATHENS 40922611755.2651.773.222.041.18
SwitzerlandSIX 2386140779258.9756.291.730.561.16
Poland GPW 32166.6750.001.000.001.00
JordanASE 89491755.0634.691.860.920.94
USWARRANTS 91462150.5545.653.502.630.87
USFOREX 2616961.5456.250.810.000.81
JapanFUKUOKA 52301657.6953.331.300.500.80
KuwaitKSE 166944056.6342.552.601.930.67
USPREFERRED 30991806100758.2855.760.950.330.63
AustraliaASX 84350.0075.000.500.000.50
ArgentinaBUE 42150.0050.000.500.000.50
ChileBCS 62133.3350.001.000.500.50
SwedenSTOCKHOLM 221100.0050.000.500.000.50
PhilippinesPSE 2311847.8372.730.450.000.45
TaiwanGTSM 1311684.6254.550.360.000.36
PakistanKSE 1612475.0033.330.500.170.33
Vietnam HOSE 1610462.5040.000.300.000.30
BangladeshDSE 2115671.4340.000.400.130.27
TurkeyBIST 2000.000.000.000.000.00
ThailandSET 31133.33100.000.000.000.00
PortugalLISBON 1000.000.000.000.000.00
IndiaNSE 31033.330.000.000.000.00
ItalyBORSA 1000.000.000.000.000.00
IndonesiaIDX 1000.000.000.000.000.00
South KoreaKOSDAQ 1000.000.000.000.000.00
MalaysiaBURSA 63150.0033.330.330.330.00
NetherlandsAMSTERDAM 1000.000.000.000.000.00
FrancePARIS 1000.000.000.000.000.00
SpainIBEX 1000.000.000.000.000.00
DenmarkCOPENHAGEN 1000.000.000.000.000.00
GermanyXETRA 1000.000.000.000.000.00
BelgiumBRUSSELS 1000.000.000.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
FOREXFOREX 32266.67100.000.000.000.00
Austria WIENERBORSE 1000.000.000.000.000.00
MexicoBMV 331100.0033.330.330.67-0.33
UKLSE 32166.6750.000.000.50-0.50
JapanTOKYO 32166.6750.000.000.50-0.50
USOTCBB 4019647.5031.586.216.89-0.68
CanadaTSX 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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