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
CanadaCSE 3531546143.9139.3511.284.346.95
ArgentinaBUE 36418012150.2766.127.010.686.33
OmanMSM 206230.0033.336.000.835.17
USWARRANTS 176335.2950.007.332.504.83
JapanSAPPORO 147450.0057.144.570.574.00
Vietnam HNX 3401738350.8847.985.131.423.71
IsraelTASE 194488949645.7355.794.751.103.65
USAMEX 195499745451.0245.545.151.663.48
South KoreaKOSDAQ 60152844163347.3357.364.491.073.42
TurkeyBIST 2068103156649.8554.904.250.893.36
IndiaNSE 156017383402047.3854.394.351.113.23
EgyptEGX 68038720856.9153.754.521.303.22
IndonesiaIDX 152576037249.8448.954.421.223.20
PakistanKSE 190494650449.6853.284.451.343.12
USOTC PINK 85964549190553.3041.586.553.483.07
IndiaNSE 42150.0050.003.000.003.00
IndiaBSE 2352010915537346.4249.214.421.512.90
USNASDAQ 140187174379451.2652.804.161.262.90
TaiwanGTSM 52162612137650.0852.683.550.862.68
ChinaSZSE 50522535141550.1855.823.721.102.62
BrazilBOVESPA 2295131272157.1754.953.530.922.61
BangladeshDSE 3381172885951.1149.713.631.042.59
NorwayOSE 96453727955.7151.963.941.432.52
ChinaSSE 3438170095949.4556.413.490.982.51
JapanNAGOYA 163854852.1556.473.240.732.51
SwedenSTOCKHOLM 3293169683851.5049.413.761.342.41
QatarQE 2311216452.3852.893.180.782.40
PortugalLISBON 184945151.0954.263.511.162.35
Hong KongHKEX 75793722179649.1148.253.611.292.32
Poland GPW 2460110552845.0047.703.481.192.29
ChinaSSE 84350.0075.002.250.002.25
The World 2343471225096376752.3252.013.361.142.23
MexicoBMV 98150527751.4854.852.990.852.14
TaiwanTWSE 65333522188353.9153.462.860.732.13
Vietnam HOSE 133063530747.7448.353.291.192.10
UAEUAE 182924050.5543.483.431.342.10
South KoreaKRX 63803250172450.9453.052.870.852.02
NorwayOSE 41125.00100.002.000.002.00
Greece ATHENS 31133.33100.002.000.002.00
RussiaMICEX 128867533252.7248.902.940.971.97
Saudi ArabiaTADAWUL 83043321952.1750.582.890.931.96
JapanTOKYO 1967111166605956.8054.232.890.951.94
ThailandSET 145972833949.9046.572.810.981.84
PhilippinesPSE 88645819851.6943.232.821.031.79
MalaysiaBURSA 140473336152.2149.252.750.991.76
ChileBCS 2714851.8557.142.861.141.71
FrancePARIS 35491927102754.3553.242.480.821.66
BelgiumBRUSSELS 72636917850.8348.242.540.931.61
UKLSE 107225739301653.5652.522.480.921.57
AustraliaASX 44542532119456.8747.142.841.321.52
SpainIBEX 84245322553.8049.672.611.111.50
SingaporeSGX 32266.67100.001.500.001.50
CanadaTSX 63993489175854.5950.332.410.931.48
Greece ATHENS 43824411755.7147.953.151.661.48
SingaporeSGX 68836616953.2046.172.551.101.45
ItalyBORSA 54683065154956.0550.542.330.921.41
CanadaTSX-V 159882530551.6336.974.713.361.35
DenmarkCOPENHAGEN 60333715855.8946.882.260.931.34
UAEUAE 83237.5066.671.670.331.33
USNYSE 1951610927595256.0054.462.100.771.33
GermanyXETRA 69354068212858.7052.272.030.831.20
IsraelTASE 75371.4360.001.200.001.20
Austria WIENERBORSE 39521011253.1653.332.191.031.15
JapanFUKUOKA 56351762.5048.571.740.601.14
PakistanKSE 2116876.1950.001.250.131.13
NetherlandsAMSTERDAM 132078340959.3952.171.750.641.12
SwitzerlandSIX 2127122362057.5050.701.760.681.08
TurkeyBIST 31133.33100.001.000.001.00
Poland GPW 42150.0050.001.000.001.00
JordanASE 67351152.2431.431.770.800.97
USFOREX 30171056.6758.820.760.000.76
SwedenSTOCKHOLM 332100.0066.670.670.000.67
AustraliaASX 84350.0075.000.500.000.50
ArgentinaBUE 62133.3350.000.500.000.50
ChileBCS 62133.3350.001.000.500.50
KuwaitKSE 2021114554.9540.542.542.050.49
USPREFERRED 2800158976356.7548.020.860.430.43
TaiwanGTSM 1311684.6254.550.360.000.36
Vietnam HOSE 1912663.1650.000.330.000.33
PhilippinesPSE 3113841.9461.540.380.080.31
BangladeshDSE 3019663.3331.580.320.210.11
ThailandSET 31133.33100.000.000.000.00
RussiaMICEX 1000.000.000.000.000.00
PortugalLISBON 2000.000.000.000.000.00
South KoreaKOSDAQ 1000.000.000.000.000.00
IndonesiaIDX 1000.000.000.000.000.00
SpainIBEX 2000.000.000.000.000.00
MalaysiaBURSA 84250.0050.000.250.250.00
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
USOTCBB 4019647.5031.586.216.89-0.68
FrancePARIS 31033.330.000.001.00-1.00
DenmarkCOPENHAGEN 31033.330.000.001.00-1.00
GermanyXETRA 31033.330.000.001.00-1.00
BelgiumBRUSSELS 42050.000.000.001.00-1.00
NetherlandsAMSTERDAM 42050.000.000.001.00-1.00
ItalyBORSA 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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