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 39620012751.0162.876.450.805.65
CanadaCSE 3991736443.6136.789.774.505.27
OmanMSM 216228.5733.336.000.835.17
USWARRANTS 176335.2950.007.332.504.83
JapanSAPPORO 147450.0057.144.570.574.00
Vietnam HNX 3531798550.7147.495.011.393.61
IsraelTASE 207095153345.9456.054.641.093.55
South KoreaKOSDAQ 63402969171346.8857.644.541.053.49
IndiaNSE 163247785429247.7355.094.441.093.35
TurkeyBIST 2224109560349.2455.074.180.893.28
IndonesiaIDX 163580640249.3049.884.331.193.14
USOTC PINK 90154783200953.1941.906.553.433.11
IndiaNSE 42150.0050.003.000.003.00
USNASDAQ 147427526398151.1452.814.231.242.99
IndiaBSE 2455111520575146.9349.914.471.492.98
ChinaSZSE 55182852162451.6956.944.031.062.97
PakistanKSE 203599652048.9452.214.321.392.93
EgyptEGX 73240620955.4651.484.291.372.92
ChinaSSE 37031871109250.5358.363.710.912.80
TaiwanGTSM 54632752145450.3852.833.600.872.73
USAMEX 2718143767852.8747.183.941.332.60
PortugalLISBON 189975451.3255.673.721.122.60
BrazilBOVESPA 2442139576057.1354.483.430.932.50
TurkeyBIST 42250.00100.002.500.002.50
BangladeshDSE 3612182388950.4748.773.531.052.47
QatarQE 2381256652.5252.803.140.782.35
Hong KongHKEX 79693940191649.4948.583.621.282.34
SwedenSTOCKHOLM 3476181089752.0749.563.711.382.33
Poland GPW 2603116055444.6447.683.501.192.31
UAEUAE 191994551.8345.453.561.262.29
The World 2471671295556773952.4452.263.381.122.25
ChinaSSE 84350.0075.002.250.002.25
NorwayOSE 102556729855.3252.563.601.382.22
JapanNAGOYA 175945153.7154.263.020.842.18
MexicoBMV 103153729452.0954.752.980.842.14
TaiwanTWSE 68733695197053.7653.322.860.722.13
South KoreaKRX 68223439183650.4153.392.940.842.10
Vietnam HOSE 142668733348.1848.473.211.162.04
Saudi ArabiaTADAWUL 85744923052.3951.222.930.912.02
Greece ATHENS 31133.33100.002.000.002.00
NorwayOSE 41125.00100.002.000.002.00
JapanTOKYO 2103211892641756.5453.962.870.951.92
RussiaMICEX 140073136352.4349.462.840.951.89
MalaysiaBURSA 149478338352.4148.912.871.001.87
ThailandSET 153676935550.0746.162.780.991.79
FrancePARIS 37122022108254.4753.512.560.831.73
ChileBCS 2814850.0057.142.861.141.71
Greece ATHENS 46425812655.6048.843.281.601.68
PhilippinesPSE 93148320451.8842.242.701.041.66
BelgiumBRUSSELS 76239518951.8447.852.570.921.65
AustraliaASX 46582646126956.8347.942.891.291.61
UKLSE 112616090320754.0852.662.460.911.55
SpainIBEX 87546623453.2650.212.611.091.52
CanadaTSX 67073669185654.7050.592.420.911.50
SingaporeSGX 32266.67100.001.500.001.50
CanadaTSX-V 168086532151.4937.114.763.321.44
ItalyBORSA 56603196162956.4750.972.340.911.43
Austria WIENERBORSE 42923713155.2455.272.360.931.43
USNYSE 2030311338621255.8454.792.110.761.35
NetherlandsAMSTERDAM 137582543660.0052.851.960.621.34
UAEUAE 83237.5066.671.670.331.33
PakistanKSE 2217977.2752.941.410.121.29
GermanyXETRA 71754230222058.9852.462.060.821.24
SingaporeSGX 71038017153.5245.002.441.211.24
IsraelTASE 75371.4360.001.200.001.20
DenmarkCOPENHAGEN 64535716555.3546.222.170.971.19
SwitzerlandSIX 2243130166058.0050.731.790.681.11
Poland GPW 42150.0050.001.000.001.00
JapanFUKUOKA 62381861.2947.371.710.740.97
JordanASE 68361152.9430.561.720.860.86
USFOREX 30171056.6758.820.760.000.76
SwedenSTOCKHOLM 332100.0066.670.670.000.67
KuwaitKSE 2161174754.1740.172.722.080.64
AustraliaASX 84350.0075.000.500.000.50
ArgentinaBUE 62133.3350.000.500.000.50
ChileBCS 62133.3350.001.000.500.50
USPREFERRED 2942168483257.2449.410.870.400.47
TaiwanGTSM 1311684.6254.550.360.000.36
Vietnam HOSE 1912663.1650.000.330.000.33
PhilippinesPSE 3114845.1657.140.360.140.21
BangladeshDSE 3421761.7633.330.380.190.19
RussiaMICEX 1000.000.000.000.000.00
PortugalLISBON 2000.000.000.000.000.00
ThailandSET 31133.33100.000.000.000.00
South KoreaKOSDAQ 1000.000.000.000.000.00
IndonesiaIDX 1000.000.000.000.000.00
MalaysiaBURSA 95355.5660.000.200.200.00
SpainIBEX 2000.000.000.000.000.00
SwitzerlandSIX 1000.000.000.000.000.00
FOREXFOREX 32066.670.000.000.000.00
Austria WIENERBORSE 2000.000.000.000.000.00
CanadaTSX 43175.0033.330.330.67-0.33
MexicoBMV 331100.0033.330.330.67-0.33
UKLSE 62133.3350.000.000.50-0.50
JapanTOKYO 32166.6750.000.000.50-0.50
DenmarkCOPENHAGEN 43075.000.000.000.67-0.67
USOTCBB 4019647.5031.586.216.89-0.68
NetherlandsAMSTERDAM 42050.000.000.001.00-1.00
ItalyBORSA 31033.330.000.001.00-1.00
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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