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 1/1/2016
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 46922714649.4762.936.440.855.59
OmanMSM 216228.5733.336.000.835.17
Hong KongHKEX 111100.00100.005.000.005.00
JapanSAPPORO 147450.0057.144.570.574.00
South KoreaKOSDAQ 72673435196747.3557.164.471.063.41
Vietnam HNX 3621889051.9347.874.771.403.36
TurkeyBIST 2563124067648.3854.524.200.903.30
IsraelTASE 2412111961246.3954.694.401.143.26
IndiaNSE 186018727471046.9553.934.321.143.18
USWARRANTS 157346.6742.866.293.143.14
CanadaCSE 5112197243.2532.587.894.763.12
USNASDAQ 178979194489151.7952.774.291.263.03
IndiaNSE 42150.0050.003.000.003.00
SpainIBEX 31133.33100.003.000.003.00
Austria WIENERBORSE 31133.33100.003.000.003.00
PortugalLISBON 31133.33100.003.000.003.00
PakistanKSE 2266110457848.7252.364.401.442.95
EgyptEGX 83945123353.7551.664.171.322.84
IndiaBSE 2789912820630845.9649.194.341.522.82
USOTC PINK 108915705237552.7341.356.303.492.81
IndonesiaIDX 191094044749.2147.554.061.262.79
ChinaSZSE 76663897217750.8355.863.831.062.78
NorwayOSE 122265133853.4451.764.081.422.66
TaiwanGTSM 62583160165050.5052.223.480.882.60
Greece ATHENS 42250.00100.002.500.002.50
TurkeyBIST 42250.00100.002.500.002.50
ChinaSSE 51462576147050.0657.073.370.912.46
Greece ATHENS 50527513954.4650.554.001.542.45
BrazilBOVESPA 2879162689656.6954.903.320.912.41
SwedenSTOCKHOLM 40282077101451.5648.823.791.412.38
USAMEX 3365181188053.8248.593.611.262.35
SingaporeSGX 43375.00100.002.330.002.33
BangladeshDSE 4216208899849.5347.803.341.092.25
PortugalLISBON 2271226553.7453.283.421.172.25
Hong KongHKEX 94484622223249.0148.213.531.292.24
The World 2902651516097915952.3152.143.311.132.18
Poland GPW 2996134063444.8347.213.411.232.18
ChinaSSE 106560.0083.332.170.002.17
UAEUAE 2041125254.9046.433.411.282.13
JapanNAGOYA 191995251.8352.533.030.912.12
Saudi ArabiaTADAWUL 100952628352.7353.202.920.822.10
TaiwanTWSE 79254298228254.2353.092.760.732.03
SwitzerlandSIX 21150.00100.002.000.002.00
QatarQE 2741457252.9249.662.810.812.00
South KoreaKRX 81674094215250.2152.482.810.841.96
MexicoBMV 114460432352.8053.482.830.871.96
JapanTOKYO 2394813578726556.7053.512.850.961.89
Vietnam HOSE 166580739348.4748.703.001.121.88
MalaysiaBURSA 170088542552.0648.022.831.011.82
FrancePARIS 44432375126753.5753.242.600.841.76
ThailandSET 179488139649.1144.952.771.021.75
RussiaMICEX 170588844052.3249.332.680.941.75
AustraliaASX 53253060148357.4848.452.981.291.69
UKLSE 133997238383554.0952.922.480.901.58
CanadaTSX 79444348224354.7651.562.460.881.58
PhilippinesPSE 107655023251.1242.182.611.051.57
ChileBCS 3616944.4456.252.561.001.56
Austria WIENERBORSE 58031618154.4857.282.420.871.56
NorwayOSE 52240.00100.001.500.001.50
USNYSE 2390613507757656.5456.052.180.721.45
SpainIBEX 103854325952.3147.702.641.201.44
ItalyBORSA 66333778194556.9751.472.290.861.43
BelgiumBRUSSELS 87045521152.3046.372.361.001.36
JordanASE 78421353.8530.952.431.101.33
UAEUAE 83237.5066.671.670.331.33
GermanyXETRA 87455054268157.8353.022.120.811.31
NetherlandsAMSTERDAM 167199753059.6653.161.910.611.30
PakistanKSE 2217977.2752.941.410.121.29
IsraelTASE 75371.4360.001.200.001.20
SingaporeSGX 77140517852.5343.952.251.121.13
CanadaTSX-V 174990632851.9736.084.563.511.05
JapanFUKUOKA 71442161.9747.731.800.771.02
SwitzerlandSIX 2707157880658.2951.081.690.681.01
Poland GPW 42150.0050.001.000.001.00
ItalyBORSA 42150.0050.001.500.501.00
FrancePARIS 42150.0050.001.500.501.00
GermanyXETRA 42150.0050.001.500.501.00
DenmarkCOPENHAGEN 75540418053.5144.552.091.160.93
KuwaitKSE 3121697254.1742.602.841.960.88
USFOREX 33171051.5258.820.760.000.76
ThailandSET 74257.1450.001.000.250.75
USPREFERRED 34632023105058.4251.900.930.370.56
AustraliaASX 94344.4475.000.500.000.50
ArgentinaBUE 72128.5750.000.500.000.50
ChileBCS 62133.3350.001.000.500.50
SwedenSTOCKHOLM 54280.0050.000.500.000.50
UKLSE 116354.5550.001.170.670.50
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
BangladeshDSE 3821755.2633.330.380.190.19
PhilippinesPSE 3616944.4456.250.310.190.13
IndonesiaIDX 3000.000.000.000.000.00
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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