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 117694458.9763.7722.752.5720.19
BrazilBOVESPA 41125.00100.009.000.009.00
ChileBCS 2831329246.6469.707.170.556.62
ArgentinaBUE 98048228649.1859.347.331.116.22
CanadaCSE 77635714247.4238.5910.074.105.97
TurkeyBIST 3384166698149.2358.886.640.835.80
USOTC PINK 169989016405453.0744.948.513.405.12
NorwayOSE 190899054051.8954.555.741.404.34
EgyptEGX 127867636452.9053.855.531.264.26
USNASDAQ 2747014416799252.4955.435.551.324.23
IsraelTASE 39351862106847.3757.305.241.054.19
Vietnam HNX 41120810650.6150.965.351.224.13
IndiaNSE 2606412395696347.5656.185.211.104.12
JapanSAPPORO 147450.0057.144.570.574.00
South KoreaKOSDAQ 101444930286148.6358.004.991.043.95
Poland GPW 44382087105447.0350.505.051.283.77
IndiaBSE 3830317836918646.5751.505.061.453.60
PakistanKSE 3158154982649.0553.324.811.383.43
SwedenSTOCKHOLM 58013024154952.1851.174.821.393.43
OmanMSM 319429.0344.444.110.893.22
USAMEX 50712821145555.6351.584.381.193.19
IndonesiaIDX 2772136765849.3148.134.581.393.19
BrazilBOVESPA 47462681149956.4955.914.040.923.12
PortugalLISBON 31133.33100.003.000.003.00
Hong KongHKEX 222100.00100.003.000.003.00
IndiaNSE 42150.0050.003.000.003.00
SpainIBEX 31133.33100.003.000.003.00
Austria WIENERBORSE 31133.33100.003.000.003.00
Greece ATHENS 79542522353.4652.474.401.452.95
CanadaTSX-V 2374122851351.7341.786.293.342.95
TaiwanGTSM 86134386232250.9252.943.840.912.93
The World 43276122746212289652.5854.014.031.132.90
Saudi ArabiaTADAWUL 145878945054.1257.033.830.942.89
MalaysiaBURSA 2506129463151.6448.763.991.112.88
ChinaSZSE 120786242351251.6856.263.981.102.88
Hong KongHKEX 135046628331749.0850.054.071.312.76
ThailandSET 2928148669950.7547.043.821.082.74
Austria WIENERBORSE 49428415857.4955.633.921.182.74
South KoreaKRX 109505525307150.5255.513.420.812.61
AustraliaASX 81274640234157.1150.443.851.292.56
SpainIBEX 156278441350.1952.683.601.072.53
ChinaSSE 81974186239751.0757.263.450.932.52
Greece ATHENS 42250.00100.002.500.002.50
PortugalLISBON 3381789552.6653.373.741.242.50
TurkeyBIST 52240.00100.002.500.002.50
QatarQE 36519410253.1552.583.250.762.49
FrancePARIS 68613639198953.0454.663.410.922.49
MexicoBMV 182495753252.4755.593.450.982.47
TaiwanTWSE 111306031327154.1954.243.180.732.45
PhilippinesPSE 148274634350.3445.983.390.982.42
CanadaTSX 112096195333355.2753.803.240.912.33
UKLSE 2060710997609053.4455.303.230.912.32
BangladeshDSE 54492670127149.0047.603.491.202.29
JapanTOKYO 34522196411069856.8954.473.190.942.24
Vietnam HOSE 2213110556149.9350.773.231.072.16
JapanNAGOYA 2451347054.6952.242.940.782.16
RussiaMICEX 2582131067250.7451.303.100.952.15
DenmarkCOPENHAGEN 114362129254.3347.023.281.162.12
USNYSE 33252187811073656.5057.142.870.802.08
SwitzerlandSIX 21150.00100.002.000.002.00
BelgiumBRUSSELS 125967532153.6147.562.920.951.97
GermanyXETRA 142558062436456.5654.132.670.821.85
NetherlandsAMSTERDAM 2525140376355.5654.382.440.611.83
ItalyBORSA 100475513291454.9352.802.710.901.82
SingaporeSGX 64366.6775.001.750.001.75
UAEUAE 3031596952.4843.403.041.301.74
JapanFUKUOKA 84472455.9551.062.400.701.70
KuwaitKSE 54429413154.0444.563.231.711.52
SwitzerlandSIX 41072346129057.1254.992.200.691.51
ChinaSSE 148557.1462.501.630.131.50
USPREFERRED 50432815152555.8254.171.770.411.36
SingaporeSGX 109758225653.0543.992.351.131.22
IsraelTASE 75371.4360.001.200.001.20
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
JordanASE 84431351.1930.232.021.140.88
Vietnam HOSE 2717962.9652.940.880.000.88
PakistanKSE 5227951.9233.330.890.220.67
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
BangladeshDSE 65351553.8542.860.460.170.29
SwedenSTOCKHOLM 1911457.8936.360.360.090.27
DenmarkCOPENHAGEN 64166.6725.000.750.500.25
TaiwanGTSM 1612675.0050.000.330.080.25
NorwayOSE 105350.0060.000.600.400.20
PhilippinesPSE 40191147.5057.890.370.210.16
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
MexicoBMV 441100.0025.000.250.50-0.25
CanadaTSX 43175.0033.330.330.67-0.33
ArgentinaBUE 94144.4425.000.250.75-0.50
FOREXFOREX 43075.000.000.000.67-0.67
USOTCBB 4019647.5031.586.216.89-0.68
RussiaMICEX 32066.670.000.001.50-1.50
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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