Bullish Homing Pigeon Japanese Candlestick Chart

Bullish Homing Pigeon

This pattern signals a trend...	How to identify...	Similar pattern(s)...
Reversal	1st day is a long black day. 2nd day is a short black day which is engulfed by the 1st day's range.	Bullish Harami

Psychology...

The 2nd day shows a deterioration of the prior downtrend. If the prior downtrend is severe, then this offers the opportunity to exit short positions or initiate long positions.