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Bullish Homing Pigeon

Daily Charts:   23 found in last 10 days.   Updated Fri May 16 18:16:28 2008 CST . Click here to see them.

Weekly Charts:   17 found in last 10 weeks. Click here to see them.

Bullish Homing Pigeon

This pattern signals a trend...
How to identify...
Similar pattern(s)...
Reversal
  1. 1st day is a long black day.
  2. 2nd day is a short black day which is engulfed by the 1st day's range.

Psychology...

The 2nd day shows a deterioration of the prior downtrend. If the prior downtrend is severe, then this offers the opportunity to exit short positions or initiate long positions.





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