Define: Bullish Homing Pigeon

UK Accounting Glossary

Definition: Bullish Homing Pigeon



Advertisement



Full Definition of Bullish Homing Pigeon


The Bullish Homing Pigeon candlestick pattern represents a potential reversal in a downward market. In traditional technical analysis, the Bullish Homing Pigeon candlestick pattern would be recognized as an “inside day”.

The Bullish Homing Pigeon candlestick pattern starts with a bearish trend concluding with two bearish candlesticks. The first is a large body candlestick;  this is followed by a much smaller candlestick whose body is located within the vertical range of the larger candlestick’s body.

The Bullish Homing Pigeon candlestick pattern indicates that there is a weakening of the current downward trend. If the prior downtrend is severe, then the technical trader may consider entering a long position provided there is confirmation such as a subsequent gap up or a long bullish candlestick.


Advertisement




Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/bullish-homing-pigeon/
Modern Language Association (MLA):
Bullish Homing Pigeon. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. March 29, 2020 https://payrollheaven.com/define/bullish-homing-pigeon/.
Chicago Manual of Style (CMS):
Bullish Homing Pigeon. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/bullish-homing-pigeon/ (accessed: March 29, 2020).
American Psychological Association (APA):
Bullish Homing Pigeon. PayrollHeaven.com. Retrieved March 29, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/bullish-homing-pigeon/

Definition Sources


Definitions for Bullish Homing Pigeon are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd March 2020.