145 CANDLESTICK PATTERNS || PAGE 17 || (33) Homing Pigeon ;(34) Descending Hawk


(33) Homing Pigeon: 

After a strong bearish trade (1) in a downtrend market, if there is again a bearish candlestick (2) whose body remains within the range of the previous (1) Bearish candelstick's body, then this combination is called Homing Pigeon .

This pattern Provides a Bullish reversal signal ,
But to be sure, the next trade must be strong bullish.

Example :-



(34) Descending Hawk: 


After a strong bullish trade (1) in an uptrend market, if there is again a bullish candelstick (2) whose body remains within the range of the previous Bullish Candlestick's (1) body, then this combination is called Descending Hawk 

 This pattern provides a bearish reversal signal of the market, But to be sure, the next trade must be strong bearish.

Example :- 





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