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Bullish Homing Pigeon


This pattern signals a potential trend...

Reversal


How to identify...
  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.
Similar pattern(s)...

» 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.



Recent Scan Results...
DailyWeekly
Last Day: 17 Last Week: 4
Last 10 Days: 87 Last 10 Weeks: 10




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