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 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
TurkeyBIST 39271966121050.1961.397.920.927.01
ArgentinaBUE 101059436858.8161.957.811.226.59
EgyptEGX 2332116869950.0959.855.801.124.68
ChileBCS 67533522249.6366.275.020.644.38
USOTC PINK 2011210178459452.2643.717.262.894.36
IndiaBSE 57593270001410746.9052.235.631.424.21
IndiaNSE 3611917708992649.0556.035.171.094.08
JapanSAPPORO 147450.0057.144.570.574.00
USNASDAQ 41725219321152452.6252.495.451.603.85
South KoreaKOSDAQ 121336186342150.9955.294.661.153.51
Poland GPW 56912851136750.1147.934.971.483.49
OmanMSM 319429.0344.444.110.893.22
IndonesiaIDX 3679174579147.4345.334.691.483.21
SwedenSTOCKHOLM 79713939197049.4749.964.821.663.16
NorwayOSE 3823182491847.7150.334.731.613.11
The World 61376532082517008753.1252.174.181.153.03
TaiwanGTSM 116946226339653.3454.453.970.963.01
Austria WIENERBORSE 41125.00100.003.000.003.00
SpainIBEX 41125.00100.003.000.003.00
Hong KongHKEX 222100.00100.003.000.003.00
PortugalLISBON 41125.00100.003.000.003.00
IsraelTASE 64813156175948.7055.744.051.092.96
PakistanKSE 4159201799748.5049.434.371.422.96
Saudi ArabiaTADAWUL 2314120571152.0759.003.440.672.77
KuwaitKSE 139171333951.2647.554.041.312.73
PortugalLISBON 43522112451.9554.873.670.942.73
Vietnam HOSE 3086163392952.9256.893.710.992.72
Vietnam HNX 61032216252.7950.314.141.532.62
ChinaSZSE 2037710740581052.7154.103.701.102.60
BangladeshDSE 53102532122447.6848.343.891.312.59
Hong KongHKEX 161128001382049.6647.744.141.592.55
CanadaTSX-V 3615179375649.6042.165.723.172.55
MalaysiaBURSA 2722141666752.0247.103.671.132.54
Greece ATHENS 62233.33100.002.500.002.50
Greece ATHENS 134871636553.1250.983.641.152.48
SpainIBEX 2022103355851.0954.023.441.002.44
MexicoBMV 2608141671254.2950.283.791.382.42
USAMEX 75824279213756.4449.943.581.182.40
TaiwanTWSE 158938976483956.4853.913.230.872.36
BrazilBOVESPA 103130.0033.333.000.672.33
IndiaNSE 93233.3366.672.330.002.33
ThailandSET 4297212795549.5044.903.431.162.28
QatarQE 53726114348.6054.792.900.632.26
South KoreaKRX 145487539405851.8253.833.100.872.23
CanadaTSX 147908124433754.9753.353.150.962.19
ChinaSSE 164078496449051.7852.853.211.052.16
FrancePARIS 98705347286754.1953.603.061.002.06
Austria WIENERBORSE 1951108357355.5152.913.161.132.03
AustraliaASX 124056851337855.2349.313.461.442.03
DenmarkCOPENHAGEN 159483138752.1346.573.431.412.03
JapanTOKYO 44143248171320456.2253.212.950.922.03
SwitzerlandSIX 21150.00100.002.000.002.00
CanadaCSE 133159421444.6336.035.833.851.99
UKLSE 3076616779898854.5453.572.960.981.98
BrazilBOVESPA 96065204265854.1851.072.950.991.97
USNYSE 49234280581523156.9954.282.760.871.89
PhilippinesPSE 172085339349.5946.072.820.981.84
BelgiumBRUSSELS 145376337652.5149.282.760.971.79
JapanFUKUOKA 89401844.9445.002.640.891.75
JordanASE 80432053.7546.512.640.911.73
ArgentinaBUE 2314760.8750.002.000.361.64
ItalyBORSA 157729141485258.0253.022.500.861.64
IsraelTASE 35241768.5770.831.830.251.58
GermanyXETRA 2499414660801758.6654.682.350.791.56
UAEUAE 64834716753.5548.132.460.981.48
TurkeyBIST 73242.8666.671.670.331.33
SingaporeSGX 106460.0066.671.330.001.33
NetherlandsAMSTERDAM 40862362127357.8153.902.030.751.28
SwitzerlandSIX 65813758197457.1052.532.030.811.21
ChinaSSE 1811761.1163.641.270.181.09
ItalyBORSA 52140.0050.001.500.501.00
UAEUAE 146442.8666.671.170.171.00
FrancePARIS 52140.0050.001.500.501.00
GermanyXETRA 52140.0050.001.500.501.00
PakistanKSE 75391952.0048.721.100.210.90
SingaporeSGX 125564827751.6342.752.041.170.88
ThailandSET 2013765.0053.851.080.230.85
AustraliaASX 1911757.8963.640.910.090.82
JapanNAGOYA 2331346157.5145.521.770.980.79
JapanTOKYO 108480.0050.001.000.250.75
USFOREX 95422244.2152.380.810.170.64
Vietnam HOSE 36221061.1145.450.730.090.64
SwedenSTOCKHOLM 3216950.0056.250.690.060.63
Poland GPW 159560.0055.560.780.330.44
UKLSE 1911757.8963.640.730.360.36
ChileBCS 113227.2766.670.670.330.33
BelgiumBRUSSELS 63150.0033.331.000.670.33
NetherlandsAMSTERDAM 63150.0033.331.000.670.33
TaiwanGTSM 1813772.2253.850.380.080.31
NorwayOSE 2112857.1466.670.500.250.25
MalaysiaBURSA 168450.0050.000.380.250.13
BangladeshDSE 105652761.9041.540.510.380.12
PhilippinesPSE 48251452.0856.000.320.200.12
IndonesiaIDX 11000.000.000.000.000.00
South KoreaKOSDAQ 92122.2250.000.500.500.00
DenmarkCOPENHAGEN 86175.0016.670.500.500.00
USWARRANTS 8000041.630.000.000.000.00
USPREFERRED 570310453.850.130.000.000.00
RussiaMICEX 27050051.720.000.000.000.00
RussiaMICEX 38241263.1650.000.580.83-0.25
CanadaTSX 54180.0025.000.250.50-0.25
MexicoBMV 54180.0025.000.250.50-0.25
USOTCBB 4019647.5031.586.216.89-0.68
FOREXFOREX 64066.670.000.001.00-1.00
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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