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