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.
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.
Pattern Performance in Stock Exchanges since 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 25201280.0060.0011.801.4010.40
JapanSAPPORO 52240.00100.002.500.002.50
OmanMSM 1711764.7163.642.360.731.64
DenmarkCOPENHAGEN 72228.57100.001.500.001.50
MexicoBMV 74357.1475.001.500.001.50
UKLSE 159560.0055.561.440.111.33
ChileBCS 124333.3375.001.500.501.00
SwitzerlandSIX 148557.1462.501.000.001.00
SingaporeSGX 85262.5040.000.800.000.80
BrazilBOVESPA 95455.5680.001.600.800.80
USFOREX 56271248.2144.440.590.040.56
IndiaNSE 126550.0083.330.500.000.50
South KoreaKOSDAQ 156340.0050.000.670.170.50
Poland GPW 104240.0050.000.500.000.50
JapanFUKUOKA 485245.839.090.570.090.47
ChinaSSE 29151051.7266.670.530.070.47
IsraelTASE 1813772.2253.850.850.460.38
AustraliaASX 2316669.5737.500.500.190.31
PakistanKSE 75331644.0048.480.580.270.30
MalaysiaBURSA 2810635.7160.000.500.200.30
BangladeshDSE 3113541.9438.460.380.150.23
ThailandSET 1810855.5680.
NorwayOSE 37211056.7647.620.620.430.19
PhilippinesPSE 59281847.4664.
ArgentinaBUE 3412735.2958.330.330.250.08
JapanNAGOYA 2223360.362.
The World 3569462713150855.680.760.040.010.03
IsraelTASE 26573253.
BangladeshDSE 15171158.
SwedenSTOCKHOLM 35746455.
Vietnam HOSE 19773255.
TaiwanTWSE 60753256.
EgyptEGX 7032154.
RussiaMICEX 17246353.130.330.010.000.00
USOTC PINK 125393359.560.
NetherlandsAMSTERDAM 24306454.320.300.010.000.00
ChinaSSE 1707112854.
South KoreaKOSDAQ 73932256.
ThailandSET 18531153.910.
Austria WIENERBORSE 11284250.980.350.000.000.00
UAEUAE 4912158.860.350.010.010.00
FrancePARIS 63862253.450.
Hong KongHKEX 110061157.
KuwaitKSE 6712154.550.
USNASDAQ 268836257.310.
CanadaTSX 107210052.960.
CanadaTSX 54180.0025.
CanadaCSE 5090061.890.
CanadaTSX-V 12700066.850.
BrazilBOVESPA 37980056.500.
BelgiumBRUSSELS 63250.0066.670.000.000.00
BelgiumBRUSSELS 7170058.300.
ArgentinaBUE 14290054.580.
Austria WIENERBORSE 21150.00100.
ChileBCS 2630050.950.
SwitzerlandSIX 42530054.
GermanyXETRA 162000055.
GermanyXETRA 21150.00100.
ChinaSZSE 235510054.440.
FrancePARIS 21150.00100.
SpainIBEX 11430053.540.
SpainIBEX 31133.33100.
Hong KongHKEX 21150.00100.
Greece ATHENS 1000.
Greece ATHENS 7570052.
MalaysiaBURSA 21880054.340.
MexicoBMV 15680056.760.
NetherlandsAMSTERDAM 63250.0066.670.000.000.00
Saudi ArabiaTADAWUL 11320052.
IndonesiaIDX 12190055.460.
South KoreaKRX 78120055.560.
JordanASE 1740059.770.
ItalyBORSA 21150.00100.
IndiaNSE 68370055.570.
PortugalLISBON 1000.
PakistanKSE 17450057.710.
NorwayOSE 15240055.
SwedenSTOCKHOLM 2313556.5238.460.380.380.00
RussiaMICEX 4317639.5335.290.710.710.00
Vietnam HNX 5380057.
UKLSE 202171053.
USNYSE 365752156.860.
JapanTOKYO 290252156.660.
IndiaBSE 141342155.990.
ItalyBORSA 102682056.670.
TaiwanGTSM 43974154.990.
AustraliaASX 58571058.850.
Poland GPW 24151056.520.
PortugalLISBON 2634153.610.710.020.030.00
USAMEX 48362059.680.
DenmarkCOPENHAGEN 8882054.390.000.000.01-0.01
SingaporeSGX 7481051.870.000.000.01-0.01
QatarQE 4671054.
TurkeyBIST 8951052.
PhilippinesPSE 9024158.
Vietnam HOSE 2613750.0053.850.150.31-0.15
TaiwanGTSM 136446.1566.670.330.50-0.17
FOREXFOREX 115245.4540.000.400.60-0.20
TurkeyBIST 94144.4425.000.250.50-0.25
UAEUAE 107470.0057.140.000.29-0.29
IndonesiaIDX 2311347.8327.270.090.45-0.36
JapanTOKYO 62033.330.000.001.00-1.00
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© family websites


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