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 58029918351.5561.206.211.005.21
Hong KongHKEX 111100.00100.005.000.005.00
USWARRANTS 2212754.5558.336.001.924.08
OmanMSM 4716834.0450.004.940.944.00
JapanSAPPORO 147450.0057.144.570.574.00
South KoreaKOSDAQ 115195617319448.8156.814.651.063.59
IndiaNSE 2713913041711548.1054.504.651.193.46
TurkeyBIST 38931896106148.7055.964.220.833.39
IndiaBSE 42708202101016947.3250.324.951.563.39
CanadaCSE 5522318042.5734.047.764.403.37
PakistanKSE 3472175093450.4053.374.541.393.15
ChinaSZSE 110285536315450.2056.974.251.153.10
ChileBCS 57291550.8851.723.830.763.07
IsraelTASE 3477162289246.7154.934.241.193.06
EgyptEGX 140273537352.4350.754.321.293.03
PortugalLISBON 31133.33100.003.000.003.00
Austria WIENERBORSE 31133.33100.003.000.003.00
SpainIBEX 31133.33100.003.000.003.00
IndiaNSE 42150.0050.003.000.003.00
USNASDAQ 2827014734778252.1352.804.131.242.88
USOTC PINK 161228350356052.3142.225.933.272.66
TaiwanGTSM 94104828252651.3152.323.570.922.65
Hong KongHKEX 152667420365048.6349.163.961.332.64
ChinaSSE 74763656210148.9057.473.671.052.62
IndonesiaIDX 3030142868047.1347.623.851.232.62
Vietnam HNX 50826613552.3650.753.931.322.61
NorwayOSE 192699251351.5151.713.991.402.58
BrazilBOVESPA 43572362127854.2154.113.450.892.56
Saudi ArabiaTADAWUL 2059106261451.5857.823.390.842.56
Greece ATHENS 42250.00100.002.500.002.50
TurkeyBIST 42250.00100.002.500.002.50
RussiaMICEX 2114108151451.1447.553.611.122.49
Poland GPW 43182001100646.3450.273.631.212.42
SwedenSTOCKHOLM 57292992147452.2349.263.751.362.40
UAEUAE 3561919253.6548.173.911.542.37
South KoreaKRX 123656277335150.7653.393.230.862.36
SpainIBEX 166185844651.6651.983.421.062.36
SingaporeSGX 43375.00100.002.330.002.33
The World 44804023494812409552.4752.793.421.112.31
PortugalLISBON 3771909950.4052.113.341.052.29
ThailandSET 2852143466850.2846.583.251.022.23
JapanTOKYO 37267212561173157.0455.193.090.902.19
BangladeshDSE 60812941139048.3647.263.351.182.18
ChinaSSE 106560.0083.332.170.002.17
TaiwanTWSE 123616647360353.7754.202.780.742.04
SwitzerlandSIX 21150.00100.002.000.002.00
QatarQE 45123912552.9952.302.750.811.95
USAMEX 50542673129252.8948.343.171.261.90
PhilippinesPSE 167684939250.6646.172.790.931.86
Greece ATHENS 81843821053.5547.953.501.661.83
MalaysiaBURSA 2887145569950.4048.042.831.001.82
Vietnam HOSE 2171108252149.8448.152.911.151.77
FrancePARIS 71713794205752.9154.222.580.811.77
UKLSE 2139611373611753.2153.732.480.861.62
ItalyBORSA 108055983314655.3752.582.420.851.58
DenmarkCOPENHAGEN 120264930853.9947.462.651.071.57
CanadaTSX 136947474384054.5851.382.440.881.56
Austria WIENERBORSE 87047526954.6056.632.370.811.56
AustraliaASX 77214350211156.3948.482.771.251.53
JapanNAGOYA 2611366852.1150.002.521.001.52
USNYSE 39404223991245756.8455.612.250.741.50
NorwayOSE 52240.00100.001.500.001.50
MexicoBMV 185399651553.7551.712.400.921.48
BelgiumBRUSSELS 141977738454.7649.422.300.831.47
NetherlandsAMSTERDAM 2535145778857.4854.082.080.681.41
GermanyXETRA 138667884421456.8653.452.180.811.37
UAEUAE 83237.5066.671.670.331.33
PakistanKSE 2318978.2650.001.330.111.22
CanadaTSX-V 2138110440851.6836.924.793.581.21
IsraelTASE 75371.4360.001.200.001.20
JordanASE 149712547.6535.212.311.131.18
SwitzerlandSIX 45122613135057.9151.661.730.671.05
Poland GPW 42150.0050.001.000.001.00
ItalyBORSA 42150.0050.001.500.501.00
GermanyXETRA 42150.0050.001.500.501.00
FrancePARIS 42150.0050.001.500.501.00
SingaporeSGX 138573230852.8542.082.121.130.99
JapanFUKUOKA 87461952.8741.301.570.630.93
KuwaitKSE 3872118954.5242.182.681.910.78
USFOREX 33171051.5258.820.760.000.76
ThailandSET 74257.1450.001.000.250.75
SwedenSTOCKHOLM 76385.7150.000.670.000.67
USPREFERRED 49972876152457.5552.990.950.360.59
ArgentinaBUE 72128.5750.000.500.000.50
AustraliaASX 94344.4475.000.500.000.50
ChileBCS 72128.5750.001.000.500.50
UKLSE 1510666.6760.000.800.400.40
TaiwanGTSM 1311684.6254.550.360.000.36
NetherlandsAMSTERDAM 53160.0033.331.000.670.33
BelgiumBRUSSELS 53160.0033.331.000.670.33
Vietnam HOSE 1912663.1650.000.330.000.33
DenmarkCOPENHAGEN 54180.0025.000.750.500.25
BangladeshDSE 3821755.2633.330.380.190.19
PhilippinesPSE 3616944.4456.250.310.190.13
IndonesiaIDX 3000.000.000.000.000.00
South KoreaKOSDAQ 2000.000.000.000.000.00
MalaysiaBURSA 116354.5550.000.170.170.00
FOREXFOREX 32066.670.000.000.000.00
MexicoBMV 441100.0025.000.250.50-0.25
CanadaTSX 43175.0033.330.330.67-0.33
JapanTOKYO 43175.0033.330.000.33-0.33
USOTCBB 4019647.5031.586.216.89-0.68
RussiaMICEX 21050.000.000.002.00-2.00
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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