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
BrazilBOVESPA 31133.33100.009.000.009.00
CanadaCSE 2691154842.7541.7412.143.748.40
ArgentinaBUE 39520014650.6373.007.560.537.03
EgyptEGX 85245025852.8257.335.580.984.60
USOTC PINK 100885309251952.8447.267.102.674.43
USAMEX 2522128367350.8752.465.511.164.35
IndiaNSE 187669067567748.3262.615.170.874.29
IndiaBSE 2846913556792147.6258.425.411.154.26
OmanMSM 278429.6350.004.750.504.25
South KoreaKOSDAQ 70403405214748.9262.345.030.844.19
JapanSAPPORO 147450.0057.144.570.574.00
IsraelTASE 2170101061146.6460.384.891.013.89
TurkeyBIST 2457121575249.4561.894.520.683.84
ChinaSZSE 56292601164546.2163.244.851.013.83
PakistanKSE 2202112867651.2359.934.721.043.68
UAEUAE 2421257151.6556.804.721.193.53
IndonesiaIDX 183386043546.9250.584.651.133.52
USNASDAQ 182829608579752.5960.304.360.913.45
Hong KongHKEX 97204714252148.5053.484.521.163.36
RussiaMICEX 126464234850.8754.124.190.883.31
BrazilBOVESPA 2727150792655.2661.453.810.723.09
Vietnam HNX 3911979650.3848.734.441.363.09
TaiwanGTSM 64123186183949.6957.723.730.723.01
SwedenSTOCKHOLM 37902007110252.9654.914.051.053.01
ChinaSSE 38031699105644.7062.123.880.992.90
Poland GPW 2886129371744.9455.283.800.952.85
QatarQE 2881569054.1757.693.400.562.83
The World 2871181511338739052.6757.783.740.912.83
JapanNAGOYA 2001077053.5065.423.210.412.79
South KoreaKRX 73943841225052.0458.473.470.682.79
PortugalLISBON 2421277352.4857.483.600.832.76
BangladeshDSE 37841887103049.8754.583.630.902.73
Saudi ArabiaTADAWUL 133967140850.1160.803.440.782.66
PhilippinesPSE 109354127049.5049.913.340.812.53
SpainIBEX 104854531152.0057.063.380.862.52
TaiwanTWSE 80114205248752.4959.143.140.642.50
Vietnam HOSE 135966237148.7156.043.390.952.44
USWARRANTS 93462349.4650.004.391.982.41
NorwayOSE 119165635955.1654.643.641.242.40
JapanTOKYO 2475214077835656.8959.343.140.742.39
CanadaTSX-V 165987533652.7438.405.122.742.38
ChinaSSE 74357.1475.002.250.002.25
AustraliaASX 51272895152556.4952.663.111.042.08
ThailandSET 174689543151.2648.163.000.942.06
MexicoBMV 118562735952.9157.262.870.812.05
UKLSE 135667131418652.5758.702.750.712.04
BelgiumBRUSSELS 91448427552.9556.822.590.592.00
NorwayOSE 41125.00100.002.000.002.00
Greece ATHENS 31133.33100.002.000.002.00
CanadaTSX 84954712263555.5355.862.750.752.00
MalaysiaBURSA 180091546450.8350.712.920.922.00
FrancePARIS 44292362137153.3358.042.590.681.91
ItalyBORSA 69513801210654.6855.412.630.741.89
DenmarkCOPENHAGEN 77543923056.6552.392.510.741.77
USNYSE 2545215025886359.0358.992.400.641.76
Austria WIENERBORSE 46226114556.4955.562.330.701.63
GermanyXETRA 85784948279257.6856.432.340.721.63
ChileBCS 31161051.6162.502.631.001.63
SingaporeSGX 103254825253.1045.992.480.971.52
SingaporeSGX 222100.00100.001.500.001.50
NetherlandsAMSTERDAM 152888449757.8556.221.980.631.35
UAEUAE 73242.8666.671.670.331.33
IsraelTASE 75371.4360.001.200.001.20
Greece ATHENS 47225513554.0352.943.101.901.20
SwitzerlandSIX 2701158488458.6455.811.720.571.15
KuwaitKSE 2061124754.3741.962.841.781.06
TurkeyBIST 31133.33100.001.000.001.00
Poland GPW 42150.0050.001.000.001.00
JordanASE 91491753.8534.691.860.920.94
USFOREX 29171058.6258.820.820.000.82
SwedenSTOCKHOLM 332100.0066.670.670.000.67
JapanFUKUOKA 64361856.2550.001.110.500.61
USPREFERRED 34371977108557.5254.880.860.330.54
AustraliaASX 84350.0075.000.500.000.50
ArgentinaBUE 52140.0050.000.500.000.50
ChileBCS 62133.3350.001.000.500.50
TaiwanGTSM 1311684.6254.550.360.000.36
PakistanKSE 1612475.0033.330.500.170.33
PhilippinesPSE 2713848.1561.540.380.080.31
Vietnam HOSE 1610462.5040.000.300.000.30
BangladeshDSE 2316669.5737.500.380.130.25
ThailandSET 31133.33100.000.000.000.00
PortugalLISBON 2000.000.000.000.000.00
RussiaMICEX 1000.000.000.000.000.00
South KoreaKOSDAQ 1000.000.000.000.000.00
IndonesiaIDX 1000.000.000.000.000.00
SpainIBEX 2000.000.000.000.000.00
IndiaNSE 31033.330.000.000.000.00
MalaysiaBURSA 73142.8633.330.330.330.00
SwitzerlandSIX 1000.000.000.000.000.00
FOREXFOREX 32266.67100.000.000.000.00
Austria WIENERBORSE 2000.000.000.000.000.00
MexicoBMV 331100.0033.330.330.67-0.33
UKLSE 62133.3350.000.000.50-0.50
JapanTOKYO 32166.6750.000.000.50-0.50
USOTCBB 4019647.5031.586.216.89-0.68
DenmarkCOPENHAGEN 31033.330.000.001.00-1.00
FrancePARIS 31033.330.000.001.00-1.00
GermanyXETRA 31033.330.000.001.00-1.00
BelgiumBRUSSELS 42050.000.000.001.00-1.00
CanadaTSX 32066.670.000.001.00-1.00
NetherlandsAMSTERDAM 42050.000.000.001.00-1.00
ItalyBORSA 31033.330.000.001.00-1.00
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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