Candlestick Patterns

Homing Pigeon Bullish

The Homing Pigeon Bullish is a bullish pattern represented by two candles. During a downtrend, the first candle is decreasing and has a long body. It is followed by a smaller red candle but located within the range of the first one. This pattern represents that the second candle is not making new lows in the current trend, hence, it is fading and might reverse. Since this pattern usually leads to bullish trend reversals or pull-backs, it would signal a buy in your strategy.

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