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 2551197346.6761.3415.842.5513.29
BrazilBOVESPA 41125.00100.009.000.009.00
ChileBCS 35817212248.0470.936.690.556.14
ArgentinaBUE 114958134951.0059.566.931.065.88
TurkeyBIST 36311771103048.8658.066.390.865.53
USOTC PINK 189809958440052.7643.947.903.464.45
IndiaNSE 2870413800787148.1057.015.471.064.41
USNASDAQ 3020815952883752.8955.315.471.334.14
NorwayOSE 2225113160450.8853.365.451.404.05
South KoreaKOSDAQ 107675315310149.3858.325.041.014.03
IsraelTASE 44092123122448.2657.525.061.044.02
JapanSAPPORO 147450.0057.144.570.574.00
IndiaBSE 42384199181045647.0052.485.401.414.00
EgyptEGX 144076141552.8554.535.241.263.98
Poland GPW 48002265115147.3350.664.991.273.72
CanadaCSE 93343816447.4837.027.683.973.72
Vietnam HNX 46223211250.2248.284.941.343.60
SwedenSTOCKHOLM 61943241167752.4151.664.921.383.54
PakistanKSE 3468168689548.6253.084.841.373.47
IndonesiaIDX 3014147170448.8147.864.671.393.28
OmanMSM 319429.0344.444.110.893.22
Greece ATHENS 87847925854.5653.864.531.373.16
USAMEX 55043086160656.2151.914.181.143.05
SpainIBEX 31133.33100.003.000.003.00
Austria WIENERBORSE 31133.33100.003.000.003.00
IndiaNSE 52140.0050.003.000.003.00
Hong KongHKEX 222100.00100.003.000.003.00
PortugalLISBON 31133.33100.003.000.003.00
Saudi ArabiaTADAWUL 153983847854.4557.043.870.892.97
ChinaSZSE 130706825383052.2256.124.021.092.93
TaiwanGTSM 93714822256151.4653.113.840.942.90
The World 47124824931213485152.9654.044.031.132.90
BrazilBOVESPA 56693146172255.9254.323.830.962.87
ThailandSET 3169159576550.3347.963.871.032.84
Hong KongHKEX 143907115354149.4449.774.111.332.78
MalaysiaBURSA 2750141168251.3148.333.851.112.74
Austria WIENERBORSE 64938421359.1755.473.831.142.69
South KoreaKRX 116685966330851.1355.453.490.812.68
QatarQE 40722111954.3053.853.350.722.63
CanadaTSX-V 2776140757650.6840.945.953.372.57
SpainIBEX 168485144950.5352.763.561.042.52
PhilippinesPSE 164583038850.4646.753.460.942.52
Vietnam HOSE 2260113259550.0952.563.541.032.51
AustraliaASX 91275216264657.2750.623.791.282.51
TurkeyBIST 52240.00100.002.500.002.50
Greece ATHENS 42250.00100.002.500.002.50
TaiwanTWSE 123476740366854.5954.423.250.752.50
ChinaSSE 88774623261852.0856.633.430.932.50
BangladeshDSE 57272838137149.5548.313.611.182.43
FrancePARIS 75214043220953.7654.643.320.902.42
PortugalLISBON 36119610554.2953.573.631.252.38
MexicoBMV 2173113961952.4254.353.371.052.32
UKLSE 2267012184674853.7555.383.160.922.24
CanadaTSX 119846695358755.8853.563.150.922.23
JapanTOKYO 37935215891161656.9153.813.100.952.15
DenmarkCOPENHAGEN 125768132454.1847.583.271.132.14
USNYSE 35496202501157257.0857.122.860.802.06
JapanNAGOYA 2641457554.9251.722.810.782.03
SwitzerlandSIX 21150.00100.002.000.002.00
RussiaMICEX 2939146274750.7350.102.910.912.00
BelgiumBRUSSELS 133971134153.1047.962.880.941.95
JapanFUKUOKA 79432154.4348.842.580.721.86
KuwaitKSE 60432715854.1448.323.391.541.84
ItalyBORSA 109296085325455.6853.482.700.871.83
GermanyXETRA 156038960491657.4754.822.620.801.83
NetherlandsAMSTERDAM 2696153083956.7554.842.400.591.81
SingaporeSGX 64366.6775.001.750.001.75
UAEUAE 3241757654.0143.432.961.241.72
SwitzerlandSIX 46172660146757.9254.862.110.661.45
USPREFERRED 49242782152356.5054.741.800.421.38
JordanASE 88461552.2732.612.391.071.33
ChinaSSE 159560.0055.561.440.221.22
SingaporeSGX 116862227353.2543.892.361.141.22
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
Vietnam HOSE 2717962.9652.940.880.000.88
USFOREX 47241351.0654.170.920.040.88
PakistanKSE 54281051.8535.710.890.210.68
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 2012560.0041.670.330.080.25
TaiwanGTSM 1612675.0050.000.330.080.25
DenmarkCOPENHAGEN 64166.6725.000.750.500.25
NorwayOSE 105350.0060.000.600.400.20
ArgentinaBUE 105250.0040.000.800.600.20
MalaysiaBURSA 138461.5450.000.380.250.13
PhilippinesPSE 43211148.8452.380.330.240.10
BangladeshDSE 74431658.1137.210.400.300.09
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 93033.330.000.000.67-0.67
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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