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 42021413651.6762.676.340.785.56
OmanMSM 216228.5733.336.000.835.17
USWARRANTS 197436.8457.147.002.144.86
CanadaCSE 4662067444.4235.758.544.404.14
JapanSAPPORO 147450.0057.144.570.574.00
Vietnam HNX 3601838950.8348.635.231.383.86
South KoreaKOSDAQ 66203115178747.1057.314.501.053.45
IsraelTASE 2210102056146.1555.004.491.133.37
IndiaNSE 172568138443247.2054.414.381.123.26
TurkeyBIST 2347114562148.7954.244.170.923.24
IndiaNSE 42150.0050.003.000.003.00
IndonesiaIDX 173485842249.4849.184.221.222.99
USOTC PINK 99055188216552.6041.556.453.472.98
USNASDAQ 157988012421250.9852.304.201.272.93
PakistanKSE 2117103453748.8451.934.331.442.89
IndiaBSE 2589612027593346.4649.324.371.512.86
EgyptEGX 77642121454.2550.834.191.362.82
ChinaSZSE 64943321185151.1455.743.871.072.80
TaiwanGTSM 57632913151150.5551.873.510.882.64
Greece ATHENS 47425812954.4350.004.121.522.60
ChinaSSE 43332165124649.9757.553.520.922.60
TurkeyBIST 42250.00100.002.500.002.50
UAEUAE 1881004853.1948.003.731.292.44
BrazilBOVESPA 2582146779857.0154.213.370.962.41
BangladeshDSE 3840195095050.7848.723.451.062.39
SwedenSTOCKHOLM 3689191192951.8048.613.721.422.30
USAMEX 3003159175652.9847.523.621.322.30
QatarQE 2511326952.5952.273.050.792.27
NorwayOSE 110859930854.0651.423.681.432.25
ChinaSSE 84350.0075.002.250.002.25
JapanNAGOYA 183985253.5553.063.080.842.24
Hong KongHKEX 86214199201648.7647.953.531.302.23
Poland GPW 2767124959445.2547.443.411.212.19
The World 2643521376757152452.1351.913.331.142.19
PortugalLISBON 2121075450.4750.473.371.212.17
Saudi ArabiaTADAWUL 91548525653.0152.782.960.872.09
TaiwanTWSE 72723919207953.8953.052.800.732.07
South KoreaKRX 73573678193350.0152.542.890.852.05
Greece ATHENS 31133.33100.002.000.002.00
NorwayOSE 41125.00100.002.000.002.00
MexicoBMV 108756530651.9854.162.850.871.98
Vietnam HOSE 152173536048.3248.983.081.121.96
JapanTOKYO 2218712579669756.7053.242.820.971.85
MalaysiaBURSA 158182440252.1248.792.821.001.82
RussiaMICEX 150278338552.4048.922.760.961.81
ThailandSET 160579736749.6646.052.801.001.81
FrancePARIS 40652158116253.0953.852.550.831.72
AustraliaASX 48702789134857.2948.322.961.291.67
PhilippinesPSE 98751021551.6742.162.631.041.59
UKLSE 120946508344753.8252.962.470.911.56
CanadaTSX 71793928197354.7250.232.430.921.51
SingaporeSGX 32266.67100.001.500.001.50
ChileBCS 3316948.4856.252.501.001.50
BelgiumBRUSSELS 80141519451.8146.752.490.991.50
SpainIBEX 95750524152.7747.722.631.151.48
ItalyBORSA 61853474177556.1751.092.360.921.44
Austria WIENERBORSE 50326814753.2854.852.280.931.36
UAEUAE 83237.5066.671.670.331.33
USNYSE 2140211851648455.4054.692.090.761.33
PakistanKSE 2217977.2752.941.410.121.29
NetherlandsAMSTERDAM 150488146358.5852.551.880.621.26
GermanyXETRA 79514556240457.3352.742.060.821.24
CanadaTSX-V 170688032451.5836.824.643.401.24
IsraelTASE 75371.4360.001.200.001.20
DenmarkCOPENHAGEN 69037917254.9345.382.191.031.15
SwitzerlandSIX 2464140471556.9850.931.760.691.08
Poland GPW 42150.0050.001.000.001.00
JordanASE 72391254.1730.772.101.130.97
SingaporeSGX 74239217252.8343.882.351.400.95
JapanFUKUOKA 67422062.6947.621.710.790.93
USFOREX 31171054.8458.820.760.000.76
UKLSE 94244.4450.001.250.500.75
SwedenSTOCKHOLM 43275.0066.670.670.000.67
USPREFERRED 3140181591857.8050.580.890.390.50
AustraliaASX 84350.0075.000.500.000.50
ArgentinaBUE 62133.3350.000.500.000.50
ChileBCS 62133.3350.001.000.500.50
KuwaitKSE 2551446056.4741.672.612.130.49
TaiwanGTSM 1311684.6254.550.360.000.36
Vietnam HOSE 1912663.1650.000.330.000.33
BangladeshDSE 3621758.3333.330.380.190.19
PhilippinesPSE 3616944.4456.250.310.190.13
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
PortugalLISBON 2000.000.000.000.000.00
RussiaMICEX 1000.000.000.000.000.00
ThailandSET 31133.33100.000.000.000.00
CanadaTSX 43175.0033.330.330.67-0.33
MexicoBMV 331100.0033.330.330.67-0.33
JapanTOKYO 43275.0066.670.000.33-0.33
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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