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
ArgentinaBUE 56929318351.4962.466.390.945.45
Hong KongHKEX 111100.00100.005.000.005.00
OmanMSM 288428.5750.004.630.634.00
JapanSAPPORO 147450.0057.144.570.574.00
USWARRANTS 199447.3744.446.893.003.89
CanadaCSE 5732458443.4633.738.384.623.76
TurkeyBIST 3280161392349.1857.224.520.853.67
South KoreaKOSDAQ 94644620258948.8655.994.651.123.53
EgyptEGX 116660531051.8951.244.651.223.43
IsraelTASE 3087143579746.4955.544.501.173.33
IndiaNSE 2459311694637647.6054.474.491.183.31
PakistanKSE 2951147077549.8152.724.471.423.04
IndiaBSE 3688017317864346.9549.914.581.563.02
ChinaSZSE 93804647259249.5455.784.241.243.00
PortugalLISBON 31133.33100.003.000.003.00
IndiaNSE 42150.0050.003.000.003.00
Austria WIENERBORSE 31133.33100.003.000.003.00
SpainIBEX 31133.33100.003.000.003.00
USNASDAQ 2491913052691552.3952.964.201.252.94
IndonesiaIDX 2611122257446.8046.974.031.282.74
BrazilBOVESPA 37652079116155.2255.843.610.892.72
USOTC PINK 142727399310752.3941.556.123.412.71
Hong KongHKEX 130716383309548.8548.473.991.372.62
PortugalLISBON 3141598550.6453.463.611.002.61
Poland GPW 3817174184845.6148.713.781.212.58
TaiwanGTSM 83004225219150.9051.863.480.932.56
SwedenSTOCKHOLM 52162704131851.8448.743.941.412.53
Greece ATHENS 42250.00100.002.500.002.50
TurkeyBIST 42250.00100.002.500.002.50
Vietnam HNX 44022710751.5947.143.861.372.49
UAEUAE 2921587654.1148.103.921.462.46
ChinaSSE 64063113171648.6055.123.601.162.43
NorwayOSE 161385243052.8250.473.881.472.42
RussiaMICEX 187796247351.2549.173.441.032.41
Saudi ArabiaTADAWUL 167385849551.2957.693.310.932.38
The World 39013920458610721652.4752.373.401.142.26
USAMEX 43992359113753.6348.203.501.252.25
South KoreaKRX 105445460289651.7853.043.100.872.23
QatarQE 36119710154.5751.272.970.782.20
BangladeshDSE 53542631123649.1446.983.361.172.19
JapanNAGOYA 2651347450.5755.222.870.692.19
ChinaSSE 106560.0083.332.170.002.17
TaiwanTWSE 107065720309053.4354.022.850.752.10
Greece ATHENS 59931915653.2648.903.961.872.08
JapanTOKYO 33196187781017456.5754.182.980.922.06
SwitzerlandSIX 21150.00100.002.000.002.00
SpainIBEX 140873136551.9249.933.021.081.94
MalaysiaBURSA 2365121558351.3747.982.861.031.83
Vietnam HOSE 201499048749.1649.192.941.131.82
PhilippinesPSE 141769430748.9844.242.831.021.80
FrancePARIS 61463248175452.8554.002.640.861.78
ThailandSET 2483123456149.7045.462.821.051.78
SingaporeSGX 54380.0075.001.750.001.75
ChileBCS 58241341.3854.172.670.961.71
MexicoBMV 152281242753.3552.592.630.981.66
UKLSE 183329805525253.5353.522.530.881.65
CanadaTSX 112656178318254.8451.512.510.901.61
ItalyBORSA 90735029257555.4351.202.460.881.58
AustraliaASX 68963944188757.1947.842.831.281.56
USNYSE 32776188071036157.3855.092.310.791.53
NorwayOSE 52240.00100.001.500.001.50
Austria WIENERBORSE 78242323254.0954.852.320.831.48
CanadaTSX-V 1983101838951.3938.174.873.391.48
BelgiumBRUSSELS 120165131354.2048.082.350.921.43
DenmarkCOPENHAGEN 107258027054.1046.552.511.091.42
JordanASE 104531850.9633.962.451.091.36
UAEUAE 83237.5066.671.670.331.33
GermanyXETRA 117096640346656.8352.092.150.861.29
PakistanKSE 2318978.2650.001.330.111.22
IsraelTASE 75371.4360.001.200.001.20
NetherlandsAMSTERDAM 2207127966257.9551.761.900.701.20
JapanFUKUOKA 84432051.1946.511.740.631.12
KuwaitKSE 3992179454.3943.322.921.861.06
SingaporeSGX 118562426352.6642.152.231.201.04
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 37032144110257.9051.401.650.720.92
USFOREX 33171051.5258.820.760.000.76
ThailandSET 74257.1450.001.000.250.75
SwedenSTOCKHOLM 76385.7150.000.670.000.67
USPREFERRED 45712620139357.3253.170.940.350.58
AustraliaASX 104340.0075.000.500.000.50
ArgentinaBUE 72128.5750.000.500.000.50
ChileBCS 72128.5750.001.000.500.50
BangladeshDSE 4022855.0036.360.640.180.45
UKLSE 1510666.6760.000.800.400.40
TaiwanGTSM 1311684.6254.550.360.000.36
NetherlandsAMSTERDAM 53160.0033.331.000.670.33
BelgiumBRUSSELS 53160.0033.331.000.670.33
Vietnam HOSE 1912663.1650.000.330.000.33
DenmarkCOPENHAGEN 54180.0025.000.750.500.25
PhilippinesPSE 3616944.4456.250.310.190.13
IndonesiaIDX 5000.000.000.000.000.00
South KoreaKOSDAQ 2000.000.000.000.000.00
MalaysiaBURSA 116354.5550.000.170.170.00
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
USOTCBB 4019647.5031.586.216.89-0.68
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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