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 44321713849.8962.446.320.835.49
OmanMSM 216228.5733.336.000.835.17
JapanSAPPORO 147450.0057.144.570.574.00
Vietnam HNX 3461808752.0248.334.891.363.53
CanadaCSE 4772066943.6133.178.124.713.41
South KoreaKOSDAQ 68563215182246.9856.574.431.073.36
IsraelTASE 2332107558946.1054.794.391.133.27
TurkeyBIST 2449119365248.7154.654.160.913.25
IndiaNSE 178308340448046.8153.674.291.153.14
IndiaNSE 42150.0050.003.000.003.00
USOTC PINK 103885442226752.6241.476.403.482.92
EgyptEGX 80743422653.7852.074.231.322.91
IndonesiaIDX 181489342949.2348.044.131.252.89
USNASDAQ 166778529446851.4552.074.161.292.87
PakistanKSE 2196106955848.6852.204.321.452.87
USWARRANTS 157346.6742.866.293.432.86
ChinaSZSE 71873673206751.1156.283.851.042.81
IndiaBSE 2686012334601845.9348.784.281.532.74
TaiwanGTSM 60363050158750.5352.033.500.892.61
Greece ATHENS 49026413253.8850.004.141.532.60
TurkeyBIST 42250.00100.002.500.002.50
ChinaSSE 48572424139749.9157.633.390.902.49
NorwayOSE 116762632353.8151.433.901.452.46
BrazilBOVESPA 2715154083456.9153.983.350.942.41
UAEUAE 1931034953.3747.573.621.272.35
BangladeshDSE 3988201597850.5348.543.401.082.32
USAMEX 3182170480853.5547.423.541.292.25
ChinaSSE 84350.0075.002.250.002.25
SwedenSTOCKHOLM 3859199997051.8048.523.691.442.25
Poland GPW 2883128761844.7847.873.441.212.23
Hong KongHKEX 90534425213348.9748.123.511.292.22
The World 2770601446047498052.2551.803.281.142.14
Saudi ArabiaTADAWUL 94249626352.6553.022.980.862.11
QatarQE 2641407153.0350.712.910.812.09
JapanNAGOYA 1901005252.6352.002.990.902.09
TaiwanTWSE 75664100217754.1953.102.790.732.06
PortugalLISBON 2201145851.8250.883.301.252.05
Greece ATHENS 31133.33100.002.000.002.00
NorwayOSE 41125.00100.002.000.002.00
South KoreaKRX 77453875202350.0552.192.830.851.97
MexicoBMV 110558231452.6753.952.830.861.97
Vietnam HOSE 158377237248.7748.193.061.111.95
ThailandSET 170883838049.0645.352.851.001.85
JapanTOKYO 2299213019690956.6253.072.800.971.84
RussiaMICEX 161283941652.3049.352.780.961.82
FrancePARIS 42862289122953.4353.672.650.841.82
MalaysiaBURSA 164684941051.5848.292.781.011.77
ChileBCS 61301749.1856.672.731.031.70
AustraliaASX 50912914140857.2648.302.941.281.66
UKLSE 127656921365354.2352.772.450.911.53
PhilippinesPSE 103653822651.9342.012.581.051.53
CanadaTSX 75224102206054.5350.222.440.921.52
SingaporeSGX 32266.67100.001.500.001.50
JordanASE 75401353.3332.502.551.101.45
ItalyBORSA 64863681188556.7751.202.360.921.44
Austria WIENERBORSE 53729116554.1956.702.290.901.40
SpainIBEX 100552324852.0447.422.581.201.38
BelgiumBRUSSELS 84044020352.3846.142.361.001.37
UAEUAE 83237.5066.671.670.331.33
PakistanKSE 2217977.2752.941.410.121.29
USNYSE 2249112687698956.4455.052.030.741.29
NetherlandsAMSTERDAM 158293849559.2952.771.890.621.27
GermanyXETRA 84704919259458.1052.712.050.811.24
IsraelTASE 75371.4360.001.200.001.20
CanadaTSX-V 173489932552.0835.994.603.451.15
SingaporeSGX 76239817552.2343.972.361.281.08
SwitzerlandSIX 2610149976457.4350.971.740.691.04
JapanFUKUOKA 71442161.9747.731.800.771.02
Poland GPW 42150.0050.001.000.001.00
SwitzerlandSIX 21150.00100.001.000.001.00
DenmarkCOPENHAGEN 72439517654.5644.562.061.080.98
USFOREX 31171054.8458.820.760.000.76
KuwaitKSE 2861546553.8542.212.662.040.62
USPREFERRED 3321193799358.3351.260.900.370.53
AustraliaASX 84350.0075.000.500.000.50
ArgentinaBUE 72128.5750.000.500.000.50
ChileBCS 62133.3350.001.000.500.50
UKLSE 116354.5550.001.170.670.50
SwedenSTOCKHOLM 54280.0050.000.500.000.50
TaiwanGTSM 1311684.6254.550.360.000.36
Vietnam HOSE 1912663.1650.000.330.000.33
BangladeshDSE 3821755.2633.330.380.190.19
PhilippinesPSE 3616944.4456.250.310.190.13
South KoreaKOSDAQ 2000.000.000.000.000.00
IndonesiaIDX 2000.000.000.000.000.00
MalaysiaBURSA 105350.0060.000.200.200.00
SpainIBEX 2000.000.000.000.000.00
FOREXFOREX 32066.670.000.000.000.00
Austria WIENERBORSE 2000.000.000.000.000.00
PortugalLISBON 2000.000.000.000.000.00
RussiaMICEX 1000.000.000.000.000.00
CanadaTSX 43175.0033.330.330.67-0.33
MexicoBMV 331100.0033.330.330.67-0.33
JapanTOKYO 43175.0033.330.000.33-0.33
ThailandSET 42150.0050.000.000.50-0.50
DenmarkCOPENHAGEN 43075.000.000.000.67-0.67
USOTCBB 4019647.5031.586.216.89-0.68
ItalyBORSA 31033.330.000.001.00-1.00
NetherlandsAMSTERDAM 42050.000.000.001.00-1.00
BelgiumBRUSSELS 42050.000.000.001.00-1.00
GermanyXETRA 31033.330.000.001.00-1.00
FrancePARIS 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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