Go Back    Visit HotCandlestick.com    Signup    Candle Patterns

Bullish Homing Pigeon

Daily Charts:   19 found in last 10 days.   Updated Thu Mar 11 18:16:04 2010 CST . Click here to see them.

Weekly Charts:   7 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.





Best viewed at 1024 x 768 resolution.
Click here to read the HotCandlestick.com DISCLAIMER
Copyright © 2001-2010, All rights reserved. HotCandlestick.com, LLC