Homing Pigeon is a bullish trend reversal candlestick pattern consisting of two candles.
The Homing Pigeon candlestick pattern is recognized if:
The first candle is long and bearish and continues the downtrend;
The second candle is short and bearish and its body is engulfed by the first candle's body.
||The number of candles used to calculate the average body height. If the body height of a candle exceeds this average, it is considered long.|
||The number of preceding candles to check if the trend exists.|
||The factor used when checking if a candle is short. A candle is considered short if its body height is lower than the average multiplied by this factor.|
||The Homing Pigeon candlestick pattern.|