How to identify

1.   A downtrend is under way 2.   The first day is a long black day 3.   The second day is a smaller black day where the real body is completely engulfed by the real body of the first day 4.   The tops or bottoms of the real bodies can be equal, but both tops and bottoms cannot be equal

With the Homing Pigeon bull, the market is in a downtrend evidenced by a long black day. The next day prices open higher, trade completely within the prior day's body and then close slightly lower. Depending upon the severity of the previous trend, this shows a deterioration and offers an opportunity to get out of the market. Ensuing sell-offs, followed by buy-ins could result in a bullish reversal. Confirmation of the trend reversal would be with a white candlestick, a large gap up or by a higher close on the next trading day.

BUY "Homing Pigeon Bull" Candlestick Chart Indicator    add to cart

Back to Glossary of BULL and BEAR Candlestick Chart Indicators.

For an additional education on Japanese Candlestick Charting techniques, visit our Investment Bookstore and also check out the special pricing section called Fire Sale Books for great deals at the largest collection of Investment Books on the Internet.

Click here if you'd like to be advised when the site is updated or refer this web site

Home / Company Information / Promotions / TC2005 Candlestick Charts / Gift Certificate / Discount Book Store / Contests / Affiliate Programs / Internet Marketing Resources / Food for Thought ezine / Marketing Food for Thought ezine / Stock Market Info / Art / Telecom Services / Electronic Products / Favorite Links / Free Screensaver / Free Software / Email Updates / Refer This Site / Contact Us /

By viewing this web site, you the visitor, agree to our Disclaimer.
Renegade Solutions Inc. Copyright 2000-2005
Privacy Policy & Disclaimer
Development Statement
Feedback or Webmaster