Instant account opening
Site map
Български Čeština English Français Deutsch Italiano Polski Português Română Русский Slovenský Español Nederlands

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
cabinet icon

InstaForex – always at the forefront!Open a trading account and become a part of the InstaForex Loprais Team!

Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!

Join in and win with InstaForex!

Instant account opening

Registration is not available for non-EU residents. Please, proceed to the website of the other member of the InstaForex group.
toolbar icon

Trading Platform

For mobile devices

For trading via browser

How to distinguish the pattern?

1. When the bearish trend is forming, a long black candlestick appears on the chart.
2. The second short black candlestick is located inside the body of the previous day.

Scenario of the pattern development

When a long black candlestick body appears on the chart, it indicates that bears took control over the market. On the next day, the price starts trading at higher levels, then it hovers inside the body of the previous day, and after that it ends the day at lower levels. Depending on the strength of the previous trend, the figure may indicate a weakening of the trend and signal that it is better to exit the market.

Flexibility and transformation of the pattern

The two-day Homing Pigeon pattern is not highly flexible.

The figure can be transformed into a long black candlestick with a shadow under it which should not be considered as a bullish reversal pattern. It is a confirmation.

The Harami pattern is a pattern of the same type, but the Homing Pigeon has two black candlesticks.

Homing Pigeon pattern

Download


Back to the list
You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD