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Bullish Homing Pigeon

DailyWeekly
Last Day: 2 Last Week: 0
Last 10 Days: 39 Last 10 Weeks: 3

Bullish Homing Pigeon

This pattern signals
a potential trend...
How to identify...Similar pattern(s)...
Reversal
  1. 1st day is a long red day.

  2. 2nd day is a short red day which is engulfed by the 1st day's range.
Bullish Harami


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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