Homing Pigeon

The Homing Pigeon is a two-line bullish counterpart to the Descending Hawk. It is also closely related to the Bullish Harami pattern. All of these patterns belong to the harami pattern family.

The first line, being a black candle, wraps around the second line, which is also black. The length of the candlestick shadows does not matter. The first candlestick of the pattern can be any black candlestick that appears as a long line.

The second candlestick can be any black candlestick that appears as both a short and a long line.

As a bullish reversal pattern, the Homing Pigeon must be formed in a downtrend because it predicts a downtrend reversal.

The pattern must be confirmed on subsequent candles. This could be, for example, a breakout of a resistance zone or trend line and a close above the pattern. Otherwise, the appearance of the pattern should be seen as a temporary pause in a price decline. Traders should be careful because the first line of the Homing Pigeon pattern forms a resistance area.