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 60382163.3355.269.681.747.95
PortugalLISBON 2001056752.5063.814.630.723.90
Saudi ArabiaTADAWUL 50225919551.5975.294.260.403.86
USOTC PINK 74434604259262.0356.145.371.843.53
CanadaCSE 1814977.7864.295.862.713.14
South KoreaKOSDAQ 34581929122855.7863.664.091.023.07
CanadaTSX-V 61941121766.5652.675.382.472.92
IndonesiaIDX 64936920556.8655.563.780.922.86
ChinaSZSE 82964292248351.7457.853.981.242.73
QatarQE 2941429248.3064.793.090.402.69
Hong KongHKEX 58353222178255.2255.313.831.192.64
USWARRANTS 111633856.7660.323.921.302.62
ChinaSSE 63923335193952.1758.143.581.032.55
USNASDAQ 126636939412254.9159.283.410.882.53
TaiwanGTSM 2163123971857.2857.953.350.832.52
USAMEX 1892108761257.4556.303.460.942.52
JapanSAPPORO 52240.00100.002.500.002.50
OmanMSM 1913868.4261.543.380.922.46
EgyptEGX 46227216258.8759.563.661.322.34
Greece ATHENS 44323812653.7252.943.561.322.24
South KoreaKRX 42082257140653.6462.302.970.742.23
TurkeyBIST 55830116753.9455.482.810.802.00
JapanFUKUOKA 2111852.3872.732.450.452.00
ArgentinaBUE 136764655.8860.533.761.791.97
The World 172195941135223354.6955.472.940.971.97
BrazilBOVESPA 129470842855.0260.112.890.981.91
TaiwanTWSE 2699144282953.4357.492.520.621.90
IsraelTASE 84543826551.8360.503.101.221.88
SpainIBEX 60131817552.9155.032.640.801.84
NorwayOSE 56931616555.7152.053.281.481.80
JapanTOKYO 165659015498554.4255.302.710.931.79
CanadaTSX 69793852206555.3153.502.430.651.77
USNYSE 2065811606647156.1855.762.360.631.72
UAEUAE 2681546757.4643.512.710.991.72
IndiaNSE 52072735154952.5356.643.171.461.71
ItalyBORSA 45652436131853.6053.862.490.811.68
IndiaBSE 96915220282853.8654.183.451.821.63
UKLSE 97435013272551.4554.362.460.841.62
AustraliaASX 2689157079258.3950.452.510.931.59
SwedenSTOCKHOLM 174594249454.0452.392.661.121.54
DenmarkCOPENHAGEN 49826913754.0250.932.390.931.46
FrancePARIS 3051157181751.4952.012.140.751.39
JapanNAGOYA 138773355.8042.862.170.791.38
MalaysiaBURSA 1782102249257.3548.142.230.871.36
BelgiumBRUSSELS 56331017755.0657.101.920.611.31
RussiaMICEX 75240922054.3953.792.501.191.31
GermanyXETRA 54422971154454.5951.972.040.791.25
KuwaitKSE 135752955.5638.672.791.531.25
Austria WIENERBORSE 37618911150.2758.731.660.491.17
JordanASE 144954965.9751.582.281.261.02
NetherlandsAMSTERDAM 111359828653.7347.831.570.600.97
SwitzerlandSIX 2558140267854.8148.361.420.550.87
MexicoBMV 73839621853.6655.051.650.790.85
SingaporeSGX 79244319655.9344.241.780.940.84
FOREXFOREX 115445.4580.001.200.400.80
TurkeyBIST 115145.4520.001.400.600.80
USPREFERRED 3211169178452.6646.360.820.320.50
USAMEX 2916555.1731.250.560.130.44
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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