Homing Pigeon Pattern: A Bullish Reversal Signal 

What is the Homing Pigeon Pattern? 

The Homing Pigeon is a two-candle bullish reversal pattern that appears during a downtrend, signalling a potential slowdown in selling pressure. 

First Candle – Strong
 Bearish Move 

A large bearish candle forms, reflecting strong selling pressure and continuation of the existing downtrend. 

Second Candle – Reduced Selling Momentum

 A smaller bearish candle forms within the body of the first candle, indicating that sellers are losing control and momentum is weakening. 

How Reliable Is It?

 The Homing Pigeon is considered a moderate bullish reversal signal. Its reliability improves when it forms near key support levels. 

Confirmation & Volume 

Traders usually wait for a bullish candle to confirm the reversal. Increasing trading volume during confirmation strengthens the signal.

With Our Subscription Plans

Open demat account in 5 minutes*

Open Demat A/C
G-L92HWH8MZR