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.
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.
Pattern Performance in Stock Exchanges since 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
BrazilBOVESPA 62133.3350.004.500.504.00
JapanSAPPORO 147450.0057.144.570.574.00
OmanMSM 319429.0344.444.110.893.22
PortugalLISBON 41125.00100.
SpainIBEX 41125.00100.
Austria WIENERBORSE 41125.00100.
Hong KongHKEX 222100.00100.
Greece ATHENS 62233.33100.002.500.002.50
TurkeyBIST 62233.33100.002.500.002.50
IndiaNSE 83237.5066.672.330.002.33
SwitzerlandSIX 21150.00100.
ArgentinaBUE 127458.3357.141.860.431.43
SingaporeSGX 106460.0066.671.330.001.33
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
ThailandSET 1912763.1658.331.170.250.92
AustraliaASX 1810655.5660.
PakistanKSE 64361656.2544.441.060.170.89
Poland GPW 148557.1462.500.880.000.88
USFOREX 66291643.9455.170.900.030.86
Vietnam HOSE 3318954.5550.000.830.000.83
SwedenSTOCKHOLM 2816957.1456.250.690.060.63
ChileBCS 82125.0050.001.000.500.50
UKLSE 1810655.5660.000.800.400.40
NetherlandsAMSTERDAM 63150.0033.331.000.670.33
BelgiumBRUSSELS 63150.0033.331.000.670.33
TaiwanGTSM 1813772.2253.850.380.080.31
IsraelTASE 148457.1450.000.750.500.25
BangladeshDSE 93562560.2244.640.590.360.23
USAMEX 649612655.770.
NorwayOSE 137453.8557.140.570.430.14
MalaysiaBURSA 148457.1450.000.380.250.13
PhilippinesPSE 45221248.8954.550.320.230.09
ThailandSET 34788449.630.
KuwaitKSE 10835452.080.710.040.000.04
The World 5342143302195052.420.700.050.010.04
PortugalLISBON 3746452.942.
RussiaMICEX 30735450.
EgyptEGX 19343249.380.
Austria WIENERBORSE 179812554.840.510.020.010.02
IsraelTASE 54474348.340.
DenmarkCOPENHAGEN 14342151.390.
QatarQE 4131152.780.460.010.000.01
Poland GPW 50931149.
ItalyBORSA 137077756.
SwedenSTOCKHOLM 69374248.980.
TaiwanGTSM 99987452.360.
TurkeyBIST 34415349.
FrancePARIS 91345453.720.
USNASDAQ 357595252.
PhilippinesPSE 15481149.680.
USNYSE 429445355.500.
AustraliaASX 111047255.420.
IndiaNSE 301678447.430.
Vietnam HNX 5200049.810.
PakistanKSE 34440047.360.
UKLSE 266590053.
TaiwanTWSE 1350514655.560.
USWARRANTS 8000041.630.
USPREFERRED 570310453.850.
USOTC PINK 154652152.540.
SwitzerlandSIX 57740056.410.
ChileBCS 5600048.
ChinaSZSE 183460052.
DenmarkCOPENHAGEN 75171.4320.000.600.600.00
SpainIBEX 17790048.960.
Greece ATHENS 11890050.710.
CanadaCSE 14200046.900.
CanadaTSX-V 33930049.810.
BrazilBOVESPA 79890053.
BelgiumBRUSSELS 14020051.
ArgentinaBUE 21170055.690.
NorwayOSE 31640048.
MalaysiaBURSA 26110050.630.
MexicoBMV 24110053.840.
JordanASE 720050.
South KoreaKOSDAQ 106120050.720.
UAEUAE 4670056.320.
Saudi ArabiaTADAWUL 20580051.600.
South KoreaKOSDAQ 82125.0050.000.500.500.00
JapanTOKYO 385785356.
IndonesiaIDX 32360047.590.
IndonesiaIDX 11000.
IndiaBSE 468378345.680.
CanadaTSX 132573154.300.
ChinaSSE 140687352.
GermanyXETRA 220153057.950.
Hong KongHKEX 147334249.
NetherlandsAMSTERDAM 35326256.460.
BangladeshDSE 53141047.650.
South KoreaKRX 123762050.980.
Vietnam HOSE 26783151.
JapanNAGOYA 2183153.210.860.000.01-0.01
SingaporeSGX 11881052.860.000.000.01-0.01
RussiaMICEX 178447.0650.000.500.63-0.13
JapanTOKYO 86375.0050.000.170.33-0.17
JapanFUKUOKA 779349.357.890.020.26-0.25
MexicoBMV 54180.0025.000.250.50-0.25
CanadaTSX 43175.0033.330.330.67-0.33
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


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