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Bullish Homing Pigeon Candlestick Pattern
| This pattern signals a potential trend |
Reversal
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| How to identify |
- 1st day is a long red day.
- 2nd day is a short red day which is engulfed by the 1st day's range.
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| Similar pattern(s) |
» Bullish Harami
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| 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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| Daily Chart | Weekly Chart |
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