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 55351763.6448.578.144.144.00
PortugalLISBON 1941036753.0965.054.700.723.98
Saudi ArabiaTADAWUL 48225218952.2875.004.260.403.86
USOTC PINK 69294300245162.1756.895.561.853.71
IndonesiaIDX 61035019857.3856.573.950.903.05
South KoreaKOSDAQ 32901822116455.5663.684.081.023.05
CanadaTSX-V 60640521166.8352.105.472.433.04
ChinaSZSE 78864088237551.8458.104.121.272.85
Hong KongHKEX 54843038169855.4555.843.911.192.72
QatarQE 2801388849.2963.773.070.392.68
OmanMSM 1812866.6766.673.671.002.67
ChinaSSE 61693220187252.2058.143.681.022.66
EgyptEGX 43325915559.8259.853.801.192.61
USAMEX 1786103358757.8456.823.570.962.60
TaiwanGTSM 2082119970057.5958.383.430.832.60
USNASDAQ 119756560390954.8659.513.480.882.59
JapanSAPPORO 52240.00100.002.500.002.50
Greece ATHENS 41922912755.3754.743.781.302.47
ArgentinaBUE 123704256.9160.003.771.402.37
South KoreaKRX 40302166135253.7562.422.970.752.22
BrazilBOVESPA 123467541355.0260.822.980.822.16
The World 164043898355014454.8055.782.990.972.02
NorwayOSE 54730315955.3952.483.381.362.02
TaiwanTWSE 2571138079953.6857.902.570.621.96
SpainIBEX 57930516952.6855.412.780.831.95
IsraelTASE 76139524051.9160.763.181.241.94
TurkeyBIST 53529216154.5855.142.750.821.94
JapanTOKYO 157708533477354.1155.942.780.931.84
CanadaTSX 65933652197155.5353.842.480.651.82
UAEUAE 2561466757.0345.892.821.011.81
USNYSE 1998911312635056.6156.122.380.631.75
ItalyBORSA 43352325127253.7754.572.530.811.71
IndiaNSE 49832626148552.7056.553.191.481.70
JapanFUKUOKA 1810755.5670.002.200.501.70
USWARRANTS 111643857.6659.383.381.691.69
IndiaBSE 92524963267453.6453.883.481.841.65
AustraliaASX 2529147174858.1750.852.570.931.64
UKLSE 91874757258551.7854.342.480.851.63
DenmarkCOPENHAGEN 47125613554.3552.732.440.881.56
KuwaitKSE 119692857.9840.582.991.461.52
RussiaMICEX 75241423255.0556.042.631.121.51
JapanNAGOYA 127713155.9143.662.320.851.48
FrancePARIS 2906149277751.3452.082.160.761.40
SwedenSTOCKHOLM 167190547254.2252.102.551.151.40
MalaysiaBURSA 172599048257.3948.692.260.881.38
GermanyXETRA 51692815146554.4652.042.080.811.27
BelgiumBRUSSELS 53429416655.0656.461.880.631.26
Austria WIENERBORSE 35317910550.7158.661.690.501.19
NetherlandsAMSTERDAM 105156227253.4748.401.610.591.02
JordanASE 139944967.6352.132.221.230.99
SwitzerlandSIX 2419132165654.6149.661.480.540.94
SingaporeSGX 75542719056.5644.501.810.950.86
FOREXFOREX 115445.4580.001.200.400.80
TurkeyBIST 115145.4520.001.400.600.80
MexicoBMV 69137320253.9854.161.600.820.78
USPREFERRED 3044161976553.1947.250.920.340.58
USAMEX 2615557.6933.330.600.130.47
CanadaCSE 1611668.7554.555.004.640.36
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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