Homing Pigeon – Bullish Reversal in Downtrend
📊 The Homing Pigeon is a 2-candle bullish reversal pattern.
✅ Formation:
1️⃣ First → Large red candle.
2️⃣ Second → Smaller red candle completely within the first candle’s body.
✅ Meaning: Selling pressure is weakening, buyers may take control.
📌 Example: Stock slides from ₹420 → ₹400, then Homing Pigeon forms near ₹398 → suggests reversal possible.
🧠 Rule: Stronger when formed at support levels.
MARUTI
#WatchOutFor
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