Candlestick Patterns

Homing Pigeon Bearish

The Homing Pigeon Bearish is a bearish pattern represented by two candles. During an uptrend, the first candle is increasing and has a long body. It is followed by a smaller green candle but located within the range of the first one. This pattern represents that the second candle is not making new highs in the current trend, hence, it is fading and might reverse. Since this pattern usually leads to bearish trend reversals or pull-backs, it would signal a sell or open a short in your strategy.

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