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
JapanSAPPORO 147450.0057.144.570.574.00
OmanMSM 319429.0344.444.110.893.22
PortugalLISBON 41125.00100.003.000.003.00
SpainIBEX 41125.00100.003.000.003.00
Austria WIENERBORSE 41125.00100.003.000.003.00
Hong KongHKEX 222100.00100.003.000.003.00
IndiaNSE 72128.5750.003.000.003.00
Greece ATHENS 62233.33100.002.500.002.50
TurkeyBIST 62233.33100.002.500.002.50
SwitzerlandSIX 21150.00100.002.000.002.00
SingaporeSGX 85462.5080.001.600.001.60
ArgentinaBUE 127458.3357.141.860.431.43
IsraelTASE 115345.4560.001.200.001.20
ChinaSSE 1610662.5060.001.300.201.10
UAEUAE 136446.1566.671.170.171.00
ItalyBORSA 52140.0050.001.500.501.00
GermanyXETRA 52140.0050.001.500.501.00
FrancePARIS 52140.0050.001.500.501.00
USFOREX 62281645.1657.140.960.040.93
AustraliaASX 1810655.5660.001.000.100.90
PakistanKSE 63351555.5642.861.060.170.89
Vietnam HOSE 2917958.6252.940.880.000.88
Poland GPW 128566.6762.500.880.000.88
ThailandSET 115345.4560.000.800.200.60
ChileBCS 82125.0050.001.000.500.50
UKLSE 1810655.5660.000.800.400.40
BelgiumBRUSSELS 63150.0033.331.000.670.33
NetherlandsAMSTERDAM 63150.0033.331.000.670.33
BangladeshDSE 85532362.3543.400.600.340.26
TaiwanGTSM 1712670.5950.000.330.080.25
SwedenSTOCKHOLM 2413654.1746.150.310.080.23
NorwayOSE 137453.8557.140.570.430.14
USAMEX 705512656.060.150.150.010.14
MalaysiaBURSA 148457.1450.000.380.250.13
PhilippinesPSE 44211147.7352.380.330.240.10
PortugalLISBON 4117552.312.330.090.010.07
KuwaitKSE 10117552.420.940.060.000.06
NorwayOSE 31434449.280.260.050.000.05
ThailandSET 36847349.780.160.040.000.04
DenmarkCOPENHAGEN 15495352.490.370.050.010.04
The World 5789203296195052.520.640.050.010.04
EgyptEGX 19544350.100.310.030.000.02
TaiwanTWSE 15571231054.340.120.020.000.02
IsraelTASE 57545448.210.140.020.000.02
QatarQE 4811150.730.410.010.000.01
ItalyBORSA 142478856.810.100.010.000.01
RussiaMICEX 32144249.350.130.010.000.01
JapanNAGOYA 2745254.741.330.030.020.01
USNYSE 484728756.020.030.000.000.00
USNASDAQ 383617352.200.010.000.000.00
TaiwanGTSM 115707451.750.070.000.000.00
Poland GPW 56298547.680.190.000.000.00
FrancePARIS 96835353.910.060.000.000.00
TurkeyBIST 39974248.790.100.000.000.00
IndiaNSE 344729648.420.040.000.000.00
PhilippinesPSE 18081149.670.110.000.000.00
AustraliaASX 114647255.740.030.000.000.00
Vietnam HNX 6010047.090.000.000.000.00
USWARRANTS 8000041.630.000.000.000.00
USPREFERRED 570310453.850.130.000.000.00
USOTC PINK 150110053.410.000.000.000.00
UKLSE 282490053.270.000.000.000.00
SingaporeSGX 13510052.040.000.000.000.00
SwedenSTOCKHOLM 74904150.050.030.000.000.00
PakistanKSE 38000048.370.000.000.000.00
ChinaSZSE 198550051.570.000.000.000.00
IndonesiaIDX 34740048.240.000.000.000.00
IndonesiaIDX 11000.000.000.000.000.00
South KoreaKOSDAQ 62133.3350.000.500.500.00
JapanTOKYO 450386355.840.010.000.000.00
JapanTOKYO 54280.0050.000.250.250.00
MalaysiaBURSA 30740049.090.000.000.000.00
MexicoBMV 25950054.260.000.000.000.00
UAEUAE 4220056.640.000.000.000.00
Saudi ArabiaTADAWUL 21410053.390.000.000.000.00
JordanASE 910048.350.000.000.000.00
South KoreaKOSDAQ 123430050.140.000.000.000.00
SwitzerlandSIX 61520056.320.000.000.000.00
ChileBCS 5340048.310.000.000.000.00
DenmarkCOPENHAGEN 75171.4320.000.600.600.00
SpainIBEX 19440050.510.000.000.000.00
Greece ATHENS 12000051.330.000.000.000.00
CanadaTSX-V 36070050.400.000.000.000.00
BrazilBOVESPA 80380053.880.000.000.000.00
BelgiumBRUSSELS 15030051.630.000.000.000.00
ArgentinaBUE 19750055.440.000.000.000.00
Austria WIENERBORSE 10590058.730.000.000.000.00
CanadaTSX 148083154.230.010.000.000.00
IndiaBSE 5189211446.660.020.000.000.00
GermanyXETRA 223803158.140.010.000.000.00
Hong KongHKEX 166454248.750.020.000.000.00
ChinaSSE 1467110351.440.040.000.000.00
NetherlandsAMSTERDAM 36575156.170.050.000.000.00
BangladeshDSE 65535147.570.030.000.000.00
South KoreaKRX 138202050.550.000.000.000.00
Vietnam HOSE 28052150.230.070.000.01-0.01
CanadaCSE 14101046.600.000.000.01-0.01
RussiaMICEX 178447.0650.000.500.63-0.13
JapanFUKUOKA 979348.456.380.010.14-0.13
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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