Homing Pigeon - Candlestick Reversal Pattern
The homing pigeon is a bullish candlestick reversal pattern comprised of two red candlesticks.
Homing Pigeon
The homing pigeon candlestick is a bullish reversal pattern that indicates a weakening of the current downtrend.
Homing Pigeon
Discussion
As I mentioned in the introduction, the homing pigeon acts as a bearish continuation 56% of the time when it is supposed to be a bullish reversal. Thus, performance is near random.
Bullish Homing Pigeon
The bullish homing pigeon (shita banare kobato gaeshi) candlestick pattern (view full size chart) is one of the double candlestick patterns (i.e. it consists of two individual candlesticks), and it is a bullish pattern.
Bullish Homing Pigeon Pattern is a small black real body contained by a prior relatively long black real body.
Recognition Criteria: ...
Bullish Homing Pigeon
Weekly Charts: 13 found in last 10 weeks. Click here to see them.
This pattern signals a trend...
HOMING PIGEON
Description
The Homing Pigeon is the same as the Harami, except for the color of the second day's body. The pattern is composed of a two-candle formation in a down trending market.
Homing Pigeon Bullish
Pattern: Reversal
Trend: Bullish
Reliability: Moderate ...
Homing Pigeon
Pattern: reversal
Reliability: moderate
Identification
A long black day is followed by another black day which gaps opposite the trend and is completely engulfed by the real body of the first day.
A bottom reversal signal after confirmation. Black-white and black-black (called homing pigeon) combinations are the most common.
Bullish Harami Cross ...
 See also: Pattern, Reversal, Trend, Candle, Stock
  
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