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Visually Analyze Option Strategies
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Two Crows
Three Black Crows
Three Inside Up/Down
Three Line Strike
Three Outside Up/Down
Three Stars In The South
Three Advancing White Soldiers
Abandoned Baby
Advance Block
Belt Hold
Breakaway
Closing Marubozu
Concealing Baby Swallow
Counterattack
Dark Cloud Cover
Doji
Doji Star
Dragonfly Doji
Engulfing Pattern
Evening Doji Star
Evening Star
Up/Down-gap side-by-side white lines
Gravestone Doji
Hammer
Hanging Man
Harami
Harami Cross
High-Wave Candle
Hikkake
Modified Hikkake Pattern
Homing Pigeon
Identical Three Crows
In-Neck Pattern
Inverted Hammer
Kicking
Ladder Bottom
Long Legged Doji
Long Line Candle
Marubozu
Matching Low
Mat Hold
Morning Doji Star
Morning Star
On-Neck Pattern
Piercing Pattern
Rickshaw Man
Rising/Falling Three Methods
Separating Lines
Shooting Star
Short Line Candle
Spinning Top
Stalled Pattern
Stick Sandwich
Takuri
Tasuki Gap
Thrusting Pattern
Tristar Pattern
Unique 3 River
Upside Gap Two Crows
Upside/Downside Gap Three Methods



Homing Pigeon

 

Description

 

This reversal pattern is considered moderately reliable.

 

In a downtrend, a long black candlestick day is followed by another black candlestick day which gaps opposite the trend and is engulfed by the first day. The gap up takes the shorts off their guard. A strong following day with good volume is needed for confirmation.

 

Market Opinion

 

Bullish.

 

Pattern

Description: Description: C:\avasaramworkspace\avasaramWeb\web\tutorials\candlesticks\Homing Pigeon_files\image001.jpg 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
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