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Bullish Homing Pigeon

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Homing Pigeon is a two candlestick bullish reversal pattern. The formation occurs during a downtrend with a large black candlestick followed by a short black candlestick engulfed by the first. The formation suggests that the existing downtrend is weakening.

homingpigeon

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Categories Articles, Technical Analysis | Tags: Bullish Reversal Patterns, Japanese Candlesticks, Reversal Patterns, Technical Analysis

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