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 1/1/2016
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
CanadaCSE 124795264.5265.007.193.094.10
OmanMSM 43375.00100.003.670.003.67
USWARRANTS 4119946.3447.375.582.323.26
ChinaSZSE 84754689272255.3358.053.981.162.82
South KoreaKOSDAQ 33821843106254.5257.593.841.252.59
JapanSAPPORO 52240.00100.002.500.002.50
ChinaSSE 65913704209056.2056.433.531.082.45
QatarQE 3061639853.2760.122.930.552.38
IndiaNSE 46002498136154.4354.353.491.362.13
Hong KongHKEX 61993493176656.3550.563.321.292.03
IsraelTASE 95151229353.8457.233.011.022.00
PakistanKSE 100854029253.5754.073.301.421.88
USNASDAQ 103295337271951.7750.853.041.181.86
ThailandSET 71841921858.3652.032.680.851.84
Poland GPW 110661533455.8854.053.011.231.78
IndiaBSE 90394997259455.3251.883.541.781.76
USAMEX 115665932757.0149.623.111.381.73
USOTC PINK 76994624221960.2847.814.532.811.72
South KoreaKRX 41432308126955.7154.982.450.821.63
Vietnam HOSE 100054127954.1051.572.550.991.56
IndonesiaIDX 63835817856.1149.722.891.351.54
CanadaTSX-V 76547924362.8850.524.523.001.52
The World 160811891194454455.4649.952.661.181.48
TurkeyBIST 47526212855.1648.852.541.081.46
TaiwanTWSE 2858161980056.6549.412.180.741.44
SwedenSTOCKHOLM 180398948054.8548.532.911.491.42
TaiwanGTSM 2147123560757.5249.152.421.011.41
JapanTOKYO 150738403441955.7752.572.591.181.41
MalaysiaBURSA 142182737858.2045.712.350.961.40
Saudi ArabiaTADAWUL 46626214156.2253.822.080.681.40
ArgentinaBUE 2261145950.4451.753.141.801.34
SpainIBEX 53628713953.5448.432.160.931.23
SwitzerlandSIX 117463.6457.141.140.001.14
BelgiumBRUSSELS 44324312854.8552.671.670.561.11
EgyptEGX 40022210755.5048.202.731.641.09
Vietnam HNX 3772119255.9743.602.441.371.07
ItalyBORSA 40942369108357.8745.721.990.941.05
FrancePARIS 2488135765154.5847.941.780.781.00
South KoreaKOSDAQ 81112.50100.001.000.001.00
JapanFUKUOKA 3312636.3650.001.670.671.00
DenmarkCOPENHAGEN 111100.00100.001.000.001.00
PortugalLISBON 112562250.0039.292.911.930.98
AustraliaASX 2957170176257.5244.802.061.080.97
USNYSE 154698410392054.3846.601.820.860.96
SingaporeSGX 55031412457.0939.492.081.150.93
CanadaTSX 49742749129155.3146.931.820.900.92
JapanNAGOYA 135873764.4442.531.830.910.92
Austria WIENERBORSE 3591687846.8046.431.730.830.90
RussiaMICEX 88551424458.3147.292.011.120.89
IsraelTASE 97577.7871.431.290.430.86
UKLSE 91834837220352.7545.481.901.050.84
DenmarkCOPENHAGEN 4212229252.7341.441.931.130.81
MexicoBMV 75042519956.6746.821.821.050.78
GermanyXETRA 45822670121058.2745.321.610.850.75
USFOREX 2214863.6457.140.710.000.71
NorwayOSE 54028713353.1546.342.391.720.67
MexicoBMV 43275.0066.670.670.000.67
NorwayOSE 113227.2766.670.670.000.67
NetherlandsAMSTERDAM 86244717851.9739.731.280.680.60
JordanASE 127803862.9947.501.931.360.56
PhilippinesPSE 48526911855.4643.871.861.320.54
USPREFERRED 3119176178456.4644.520.850.340.51
MalaysiaBURSA 82225.00100.000.500.000.50
RussiaMICEX 32266.67100.000.500.000.50
KuwaitKSE 2671546957.6844.811.971.510.46
SwitzerlandSIX 2087117349356.2142.031.090.660.42
BangladeshDSE 133676835157.4945.701.621.210.42
BrazilBOVESPA 117561025451.9141.641.811.430.38
AustraliaASX 138361.5437.500.500.130.38
UAEUAE 2231415663.2339.721.621.260.36
Greece ATHENS 48220510042.5348.781.771.430.34
ThailandSET 63150.0033.330.330.000.33
PakistanKSE 169556.2555.560.560.220.33
ChileBCS 2515960.0060.000.730.400.33
FOREXFOREX 104340.0075.000.750.500.25
ChinaSSE 1610762.5070.000.200.000.20
BangladeshDSE 216228.5733.330.170.000.17
PhilippinesPSE 3013743.3353.850.150.000.15
ItalyBORSA 1000.000.000.000.000.00
IndiaNSE 52240.00100.000.000.000.00
NetherlandsAMSTERDAM 1000.000.000.000.000.00
UAEUAE 42250.00100.000.000.000.00
SpainIBEX 2000.000.000.000.000.00
FrancePARIS 1000.000.000.000.000.00
Greece ATHENS 1000.000.000.000.000.00
ChileBCS 6000.000.000.000.000.00
GermanyXETRA 1000.000.000.000.000.00
CanadaTSX 32066.670.000.000.000.00
BelgiumBRUSSELS 1000.000.000.000.000.00
Austria WIENERBORSE 1000.000.000.000.000.00
ArgentinaBUE 149564.2955.560.220.220.00
TurkeyBIST 61016.670.000.000.000.00
SingaporeSGX 31033.330.000.000.000.00
PortugalLISBON 1000.000.000.000.000.00
Poland GPW 62133.3350.000.000.000.00
TaiwanGTSM 85362.5060.000.400.60-0.20
Vietnam HOSE 136346.1550.000.170.50-0.33
IndonesiaIDX 126150.0016.670.170.67-0.50
SwedenSTOCKHOLM 106260.0033.330.000.50-0.50
UKLSE 51020.000.000.001.00-1.00
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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