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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 196905445.9260.0018.073.0914.98
BrazilBOVESPA 41125.00100.009.000.009.00
ChileBCS 31315010647.9270.676.910.566.35
ArgentinaBUE 104952431349.9559.737.031.105.94
TurkeyBIST 34821725101049.5458.556.550.855.70
CanadaCSE 84840115247.4137.819.794.265.53
USOTC PINK 181549601429953.0244.668.223.464.76
NorwayOSE 2048106157751.8154.385.601.364.24
IsraelTASE 40921970114048.2457.755.251.044.21
USNASDAQ 2899915280847252.7555.385.531.334.20
EgyptEGX 137372439152.7354.015.451.274.18
IndiaNSE 2749313069735247.5556.235.221.094.12
South KoreaKOSDAQ 104945151300749.1358.325.061.034.03
Vietnam HNX 43621711349.7752.075.241.234.01
JapanSAPPORO 147450.0057.144.570.574.00
Poland GPW 45742167110347.3850.905.071.273.80
IndiaBSE 4036318810971746.6151.655.071.453.62
SwedenSTOCKHOLM 59773128161352.4251.484.921.373.54
PakistanKSE 3328161385148.4752.764.751.393.36
OmanMSM 319429.0344.444.110.893.22
IndonesiaIDX 2890142068349.1348.104.571.383.19
USAMEX 52942950154255.8752.134.271.143.12
Greece ATHENS 82144823554.5752.464.521.433.09
BrazilBOVESPA 51262874160956.2255.833.960.923.04
PortugalLISBON 31133.33100.003.000.003.00
IndiaNSE 42150.0050.003.000.003.00
Hong KongHKEX 222100.00100.003.000.003.00
SpainIBEX 31133.33100.003.000.003.00
Austria WIENERBORSE 31133.33100.003.000.003.00
TaiwanGTSM 89584566243250.9853.253.890.912.98
Saudi ArabiaTADAWUL 150181646954.3657.483.830.912.93
The World 45231923865512906352.7954.054.031.132.89
ChinaSZSE 126086557367652.0156.063.961.102.86
ThailandSET 3018153773250.9347.633.891.062.83
CanadaTSX-V 2589132855351.2941.646.143.332.81
MalaysiaBURSA 2621135265751.5848.593.921.112.81
Hong KongHKEX 140486952349749.4950.304.091.322.77
QatarQE 38020511053.9553.663.500.742.76
South KoreaKRX 113545792322851.0155.733.510.802.71
AustraliaASX 85864896249257.1350.813.881.272.61
TaiwanTWSE 116326281342554.0054.533.260.732.53
SpainIBEX 162681743350.2553.003.581.062.52
Vietnam HOSE 2275114459550.2952.013.551.052.50
PhilippinesPSE 157179036850.2946.583.470.972.50
Greece ATHENS 42250.00100.002.500.002.50
TurkeyBIST 52240.00100.002.500.002.50
ChinaSSE 85274426252351.9157.003.410.922.49
FrancePARIS 71603809206753.2054.273.360.922.44
Austria WIENERBORSE 56032417657.8654.323.661.242.42
PortugalLISBON 3491859853.0152.973.661.302.36
UKLSE 2148711515639153.5955.503.250.912.34
MexicoBMV 1993102956251.6354.623.341.012.33
BangladeshDSE 55672736130349.1547.623.521.202.32
CanadaTSX 117166517351855.6353.973.210.892.32
JapanTOKYO 36264206781120257.0254.173.160.952.21
DenmarkCOPENHAGEN 119765631054.8047.263.271.142.12
USNYSE 34480196901133257.1357.532.890.792.10
JapanNAGOYA 2581397253.8851.802.890.802.09
RussiaMICEX 2754139772350.8451.643.030.942.09
SwitzerlandSIX 21150.00100.002.000.002.00
BelgiumBRUSSELS 131070033653.4448.002.890.951.94
KuwaitKSE 55630113954.1446.183.461.601.85
JapanFUKUOKA 75391952.0048.722.620.771.85
GermanyXETRA 148288410454956.7254.092.660.821.84
ItalyBORSA 104685774304155.1652.672.700.891.81
NetherlandsAMSTERDAM 2591145978656.3153.872.380.611.77
SingaporeSGX 64366.6775.001.750.001.75
UAEUAE 3121667353.2143.982.981.281.70
ChinaSSE 148557.1462.501.630.131.50
SwitzerlandSIX 43372476136157.3054.772.140.671.48
USPREFERRED 50492850155256.4554.461.790.411.38
IsraelTASE 75371.4360.001.200.001.20
SingaporeSGX 113760726953.3944.322.321.131.19
AustraliaASX 158553.3362.501.250.131.13
Poland GPW 63250.0066.671.000.001.00
UAEUAE 115345.4560.001.200.201.00
ItalyBORSA 42150.0050.001.500.501.00
GermanyXETRA 42150.0050.001.500.501.00
FrancePARIS 42150.0050.001.500.501.00
USFOREX 46231350.0056.520.960.040.91
Vietnam HOSE 2717962.9652.940.880.000.88
JordanASE 85441351.7629.551.981.110.86
PakistanKSE 5327950.9433.330.890.220.67
ThailandSET 105350.0060.000.800.200.60
ChileBCS 72128.5750.001.000.500.50
UKLSE 1510666.6760.000.800.400.40
NetherlandsAMSTERDAM 53160.0033.331.000.670.33
BelgiumBRUSSELS 53160.0033.331.000.670.33
SwedenSTOCKHOLM 1911457.8936.360.360.090.27
DenmarkCOPENHAGEN 64166.6725.000.750.500.25
TaiwanGTSM 1612675.0050.000.330.080.25
BangladeshDSE 70371552.8640.540.430.220.22
NorwayOSE 105350.0060.000.600.400.20
ArgentinaBUE 105250.0040.000.800.600.20
PhilippinesPSE 42201147.6255.000.350.200.15
MalaysiaBURSA 138461.5450.000.380.250.13
IndonesiaIDX 11000.000.000.000.000.00
South KoreaKOSDAQ 42150.0050.000.500.500.00
JapanTOKYO 54280.0050.000.250.250.00
RussiaMICEX 54180.0025.000.751.00-0.25
MexicoBMV 54180.0025.000.250.50-0.25
CanadaTSX 43175.0033.330.330.67-0.33
FOREXFOREX 43075.000.000.000.67-0.67
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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