Bullish Homing Pigeon
The bullish homing pigeon is a bullish reversal candlestick pattern formed by two candlesticks, in which the vertical length of the body of the second candlestick is contained within the vertical range of the first candlestick’s body. This pattern is important as a reversal pattern, when it occurs at the end of a period of downtrend as shown in this chart.
(Chart showing the bullish homing pigeon at the end of a downtrend. The encircled candlesticks that comprise the pattern are shown below).
(the encircled candles from the chart above)
The second candle could be a bullish or bearish candle.