Bullish Homing Pigeon

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Definition: Bullish Homing Pigeon


Bullish Homing Pigeon


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.


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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 | 0 Views.