Homing Pigeon
- Type: Reversal
- Relevance: Bullish
- Prior Trend: Bearish
- Reliability: Medium
- # of Sticks: 2
Definition:
A large down candle followed by another down candle but small in size and ideally the second candle is almost perfect centered in the first candle. Both high and low of the second candle should not be near the high and low of the previous candle.