BEARISH DESCENDING HAWK
The chart showing Series 1 series.
To see the performance of the pattern in your stock exchange in the context of other stock markets please examine the table below. Find your stock market there and see how it ranks among the others. This will give you an idea about the pattern’s strength and reliability and help you in your selling decisions.
BEARISH DESCENDING HAWK
Definition
This pattern is a small white body contained by a prior relatively long white body. It resembles the Harami pattern, except that both bodies are white.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. A white body is observed on the first day.
3. On the second day, we again see a white body which is completely engulfed by the body of the first day.
Pattern Requirements and Flexibility
The Bearish Descending hawk consists of two white candlesticks, in which the first day’s white body engulfs the following white body. The first one has to be a normal or long white candlestick. Either the body tops or the body bottoms of the two candlesticks may be at the same level, but whatever the case, the body of the second day should be smaller than the first.
Trader’s Behavior
This pattern is a signal of disparity. In a market characterized by uptrend, we first see heavy buying indicated by the white body of the first day. However, a smaller body that appears on the second day points to the diminished power and enthusiasm of the buyers thus suggesting a trend reversal.
Sell/Stop Loss Levels
The confirmation level is defined as the last close or the midpoint of the previous white body, whichever is lower. Prices should cross below this level for confirmation.

The stop loss level is defined as the higher of the last two highs. Following the bearish signal, if prices go up instead of going down, and close or make two consecutive daily highs above the stop loss level, while no bullish pattern is detected, then the stop loss is triggered.
Title
Pattern Performance in Stock Exchanges since 1/1/2014
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
USOTCBB 62422667.7461.909.451.388.07
CanadaCSE 23181378.2672.227.832.115.72
Saudi ArabiaTADAWUL 51326520051.6675.474.200.403.81
PortugalLISBON 2071086852.1762.964.510.733.78
USOTC PINK 76924743266562.0055.885.331.853.49
South KoreaKOSDAQ 35821994126955.7863.514.111.013.10
OmanMSM 1913968.4269.234.000.923.08
ChinaSZSE 84624398257251.9758.484.111.242.87
USWARRANTS 113643956.6460.944.141.282.86
IndonesiaIDX 66938120956.9554.863.690.932.75
JapanFUKUOKA 2212954.5575.003.170.422.75
ChinaSSE 65793448202452.4158.703.701.032.67
QatarQE 3011469548.5065.073.040.382.66
Hong KongHKEX 59133284182355.5455.513.831.182.65
TaiwanGTSM 2206126373157.2557.883.370.842.53
USNASDAQ 130097101421654.6959.263.390.882.51
USAMEX 1938110661957.0755.973.460.952.51
JapanSAPPORO 52240.00100.002.500.002.50
EgyptEGX 47928417059.2959.863.611.302.31
South KoreaKRX 42932296142953.5162.212.920.732.19
Greece ATHENS 46024712953.7052.233.461.332.13
The World 1842991007535568854.7255.222.920.961.96
BrazilBOVESPA 132972843855.0059.922.880.941.95
IsraelTASE 87644827151.1460.493.151.211.94
TaiwanTWSE 2767148486153.6358.022.540.611.93
TurkeyBIST 57331016954.1054.522.760.841.93
CanadaTSX-V 78154368232656.1253.032.720.851.86
ArgentinaBUE 138784656.5258.973.631.771.86
JapanTOKYO 170619323516254.6755.342.750.931.82
SpainIBEX 62233018053.2254.382.560.791.76
CanadaTSX 71673948210855.2153.272.410.661.75
JapanNAGOYA 140773655.0046.752.360.651.71
UAEUAE 2721597058.4644.032.670.971.70
USNYSE 2120811894660856.0855.562.320.631.69
IndiaNSE 53252792157352.4356.343.131.471.66
NorwayOSE 58832617055.6151.993.231.581.65
ItalyBORSA 47212533136253.8953.542.450.801.65
SwedenSTOCKHOLM 180897251353.7652.782.741.121.63
AustraliaASX 2780162081458.2750.252.510.911.60
IndiaBSE 100015368289253.6853.863.411.831.59
UKLSE 100945199279551.5153.762.430.851.58
DenmarkCOPENHAGEN 51527914154.1750.542.340.921.42
FrancePARIS 3161162282851.3151.052.090.741.35
MalaysiaBURSA 1833104750457.1248.142.210.881.33
KuwaitKSE 139803157.5538.752.801.501.30
RussiaMICEX 76942122954.7554.392.511.241.27
BelgiumBRUSSELS 58632418355.2956.481.860.611.26
GermanyXETRA 56843100158154.5451.002.000.781.21
JordanASE 145975166.9052.582.391.241.15
Austria WIENERBORSE 39219511449.7458.461.620.481.14
NetherlandsAMSTERDAM 115462028653.7346.131.530.590.94
SingaporeSGX 81145220055.7344.251.780.920.86
MexicoBMV 75940222252.9655.221.650.800.85
SwitzerlandSIX 2642144569254.6947.891.390.550.84
TurkeyBIST 115145.4520.001.400.600.80
FOREXFOREX 115445.4580.001.200.400.80
USPREFERRED 3337174579652.2945.620.800.330.47
USAMEX 3017556.6729.410.530.180.35
Austria WIENERBORSE 42050.000.000.000.000.00
Patterns Total: How many of this particular pattern has been detected in this period
Confirmed Total: How many of the detected patterns were confirmed and converted into signals
Profitable Signals: The number of the confirmed patterns that have given profitable trades
Confirmation %: The percentage of the confirmed patterns with respect to the total occurrences of this pattern
Profitable Signal %: The percentage of the successful confirmed patterns with respect to the total confirmed patterns
Per Trade Profit %: Total Profits / Total Trades
Per Trade Loss %: Total Losses / Total Trades
Per Trade Net%: (Total Profits–Total Losses) / Total Number of Trades
Samples: Live sample ticker symbols from stock exchanges with links to stock pages of the related bulls.com© family websites
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Disclaimers:

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

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