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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USOTCBB 25201280.0060.0011.801.4010.40
USWARRANTS 42231154.7647.837.523.174.35
CanadaCSE 1691147168.6461.216.293.283.02
CanadaTSX-V 93761232165.3152.455.672.772.90
South KoreaKOSDAQ 55443023175354.5357.994.011.272.74
JapanSAPPORO 52240.00100.002.500.002.50
ChinaSZSE 146958114440355.2254.264.011.512.49
ChinaSSE 107215897323055.0054.773.711.272.44
QatarQE 55128417151.5460.212.960.522.44
Hong KongHKEX 100635671290456.3551.213.791.392.40
UKLSE 105450.0080.002.600.202.40
IndonesiaIDX 111762933156.3152.623.521.222.30
ArgentinaBUE 32517210052.9258.143.971.692.28
Saudi ArabiaTADAWUL 89846327951.5660.262.830.562.27
EgyptEGX 64537620458.2954.263.561.432.13
IndiaNSE 79544354232554.8253.333.551.432.12
USNASDAQ 1849510075523554.4851.953.161.152.01
JapanFUKUOKA 58261544.8357.692.580.582.00
USOTC PINK 129537888383561.3748.254.712.761.95
ThailandSET 125475939060.5351.382.750.901.85
Poland GPW 1820100053554.9553.503.051.271.78
IsraelTASE 152481445853.4156.273.011.271.74
OmanMSM 1711764.7163.642.270.551.73
PakistanKSE 160691849157.1653.493.221.501.72
South KoreaKRX 67643788207756.0054.832.580.891.69
TurkeyBIST 81544421654.4848.652.841.161.67
IndiaBSE 143067895397655.1950.363.561.921.64
TaiwanGTSM 36752092102856.9349.142.691.071.62
USAMEX 3036169682755.8648.762.681.101.58
The World 2746411530037679755.7450.162.761.191.57
JapanTOKYO 2722715058800155.3153.132.651.081.57
JapanNAGOYA 2131336562.4448.872.290.781.50
SingaporeSGX 42150.0050.001.500.001.50
TaiwanTWSE 47992658133855.3950.342.280.781.50
SwedenSTOCKHOLM 3058172183556.2848.522.921.541.38
CanadaTSX 89514922241054.9948.962.130.811.32
MalaysiaBURSA 2450139764957.0646.422.331.021.31
SpainIBEX 93851227554.5853.712.140.891.26
PortugalLISBON 2281225753.5146.722.731.481.25
USNYSE 2732415417747056.4248.452.040.801.24
Vietnam HOSE 155284840754.6448.002.231.071.16
FrancePARIS 47432564123854.0648.281.940.791.15
SwitzerlandSIX 127458.3357.141.140.001.14
Austria WIENERBORSE 64532616550.5450.611.910.791.12
ItalyBORSA 69184018184858.0845.991.970.891.08
AustraliaASX 46162664119857.7644.942.161.121.05
PhilippinesPSE 80644521155.2147.422.181.161.03
DenmarkCOPENHAGEN 73339617854.0244.952.000.981.02
DenmarkCOPENHAGEN 21150.00100.001.000.001.00
UKLSE 154548135377152.7146.292.021.030.99
ChileBCS 33181054.5555.561.170.220.94
BrazilBOVESPA 2042108349453.0445.612.201.260.94
NorwayOSE 89349224255.1049.192.421.520.90
KuwaitKSE 45026311558.4443.732.351.440.90
BelgiumBRUSSELS 72940720155.8349.391.590.720.86
BangladeshDSE 2268130564057.5449.042.061.200.86
MexicoBMV 123068531855.6946.421.891.040.85
JordanASE 1861155661.8348.702.071.230.84
GermanyXETRA 83404840225858.1246.591.600.820.78
IndiaNSE 84350.0075.000.750.000.75
Vietnam HNX 54330313155.8043.232.151.450.70
Greece ATHENS 65130314546.5447.852.101.430.67
NorwayOSE 113227.2766.670.670.000.67
MexicoBMV 53260.0066.670.670.000.67
NetherlandsAMSTERDAM 158687936655.4241.641.290.640.66
USFOREX 2717962.9652.940.650.000.65
SingaporeSGX 89451520857.6140.391.631.010.63
UAEUAE 3742248559.8937.951.851.330.51
RussiaMICEX 32266.67100.000.500.000.50
SwitzerlandSIX 3445193883056.2642.831.150.650.49
IsraelTASE 1311684.6254.550.910.450.45
USPREFERRED 46402493107953.7343.280.810.360.45
RussiaMICEX 128174332158.0043.201.671.330.34
ThailandSET 106460.0066.670.330.000.33
South KoreaKOSDAQ 114236.3650.000.500.250.25
ChinaSSE 2213859.0961.540.310.080.23
ArgentinaBUE 2211750.0063.640.360.180.18
AustraliaASX 1611468.7536.360.360.180.18
BangladeshDSE 216228.5733.330.170.000.17
SwedenSTOCKHOLM 117363.6442.860.570.430.14
PhilippinesPSE 38181047.3755.560.170.060.11
PakistanKSE 51211041.1847.620.290.240.05
FrancePARIS 1000.000.000.000.000.00
Hong KongHKEX 111100.00100.000.000.000.00
Greece ATHENS 1000.000.000.000.000.00
GermanyXETRA 1000.000.000.000.000.00
SpainIBEX 2000.000.000.000.000.00
ChileBCS 71114.29100.000.000.000.00
CanadaTSX 43175.0033.330.000.000.00
Austria WIENERBORSE 1000.000.000.000.000.00
BelgiumBRUSSELS 1000.000.000.000.000.00
ItalyBORSA 1000.000.000.000.000.00
UAEUAE 64366.6775.000.000.000.00
MalaysiaBURSA 114236.3650.000.250.250.00
TurkeyBIST 61016.670.000.000.000.00
PortugalLISBON 1000.000.000.000.000.00
Poland GPW 82125.0050.000.000.000.00
NetherlandsAMSTERDAM 1000.000.000.000.000.00
TaiwanGTSM 106460.0066.670.330.50-0.17
Vietnam HOSE 168550.0062.500.130.38-0.25
IndonesiaIDX 137153.8514.290.140.57-0.43
FOREXFOREX 147350.0042.860.431.14-0.71
JapanTOKYO 52040.000.000.001.00-1.00
BrazilBOVESPA 32166.6750.000.502.00-1.50
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

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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