– Normally it should be a signal of Bullish reversal of the current Trend.
– It occurs during a Downtrend; confirmation is required by the candles that follow the Pattern.
– The First Candle is long and black, whereas the Second Candle is black but is shorter than the First Candle. The Real Body of the Second Candle is fully contained within the Real Body of the First Candle.
– Confirmation of the Pattern and the reversal of the Trend: when the Close of a Candle that follows the “Homing Pigeon” is below the Lowest Low of the Two Candle of the Homing Pigeon.
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