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 132825362.8863.866.513.103.41
OmanMSM 53360.00100.003.330.003.33
ChinaSZSE 92935126290955.1656.753.781.222.56
South KoreaKOSDAQ 35481926111354.3157.763.771.252.52
JapanSAPPORO 52240.00100.002.500.002.50
ChinaSSE 71583993224155.7856.123.391.092.29
QatarQE 32617410153.3758.052.810.572.24
PakistanKSE 107358832954.8055.953.451.342.11
IndiaNSE 49062642142853.9753.933.401.392.00
JapanFUKUOKA 3413738.2453.852.620.622.00
Hong KongHKEX 66063722186956.4050.163.251.311.94
IsraelTASE 100354130453.9456.192.921.021.90
Poland GPW 116264935456.1154.293.081.231.85
USNASDAQ 108985630286851.7550.853.031.191.83
ThailandSET 75743822657.8651.602.660.851.82
USAMEX 119468033856.9549.713.181.411.77
USOTC PINK 82904986238460.2147.774.492.851.64
IndonesiaIDX 68438519556.2950.652.931.301.63
IndiaBSE 95405248267955.0451.023.431.811.61
South KoreaKRX 44052459136055.8255.312.420.821.60
ArgentinaBUE 2401246551.6752.423.211.661.55
SwedenSTOCKHOLM 1956107652355.0148.613.051.521.53
CanadaTSX-V 79950025262.5850.404.533.011.51
Vietnam HOSE 104457029054.6050.882.481.001.49
TurkeyBIST 49827213254.6248.532.551.101.45
The World 171129947604697455.4049.552.611.201.41
TaiwanGTSM 2256129263857.2749.382.391.011.38
TaiwanTWSE 3028169783256.0449.032.110.761.36
SpainIBEX 56129714852.9449.832.220.881.34
Saudi ArabiaTADAWUL 49227314655.4953.482.020.681.34
JapanTOKYO 161569097472256.3151.912.511.181.33
MalaysiaBURSA 147886639458.5945.502.310.981.33
SwitzerlandSIX 117463.6457.141.140.001.14
Vietnam HNX 3952199555.4443.382.491.351.14
EgyptEGX 42223611655.9249.152.711.581.13
USWARRANTS 4321948.8442.865.053.951.10
BelgiumBRUSSELS 46625513154.7251.371.610.571.04
SingaporeSGX 57232812957.3439.332.021.011.01
South KoreaKOSDAQ 81112.50100.001.000.001.00
DenmarkCOPENHAGEN 111100.00100.001.000.001.00
AustraliaASX 3151181080757.4444.592.071.071.00
PortugalLISBON 121612450.4139.342.821.840.98
ItalyBORSA 43802525113457.6544.911.920.940.98
FrancePARIS 2691143668053.3647.351.750.790.96
RussiaMICEX 93754225858.0647.432.051.100.95
JapanNAGOYA 142903963.3843.331.830.890.94
CanadaTSX 52932905135954.8846.781.830.890.94
USNYSE 162648840407754.3546.121.760.850.92
MexicoBMV 78544621056.8247.091.911.050.86
DenmarkCOPENHAGEN 44424010154.0542.081.881.080.81
UKLSE 99255260235453.0044.751.851.050.80
Austria WIENERBORSE 3871828147.0344.511.620.900.72
USFOREX 2214863.6457.140.710.000.71
GermanyXETRA 50332890127657.5444.061.530.850.67
NorwayOSE 113227.2766.670.670.000.67
MexicoBMV 43275.0066.670.670.000.67
JordanASE 129813962.7948.152.021.420.60
BangladeshDSE 139080137657.6346.941.751.180.58
KuwaitKSE 2901687457.9344.052.041.470.57
NetherlandsAMSTERDAM 94249219652.2339.841.230.670.56
IsraelTASE 995100.0055.561.110.560.56
PhilippinesPSE 51228412855.4745.071.821.270.54
NorwayOSE 58630914152.7345.632.291.750.54
BrazilBOVESPA 124565028152.2143.231.931.420.51
RussiaMICEX 32266.67100.000.500.000.50
MalaysiaBURSA 82225.00100.000.500.000.50
USPREFERRED 3269183281156.0444.270.760.340.42
ChinaSSE 1610762.5070.000.400.000.40
AustraliaASX 138361.5437.500.500.130.38
SwitzerlandSIX 2192123449956.3040.441.020.680.34
PakistanKSE 189550.0055.560.560.220.33
IndiaNSE 63350.00100.000.330.000.33
ChileBCS 2615957.6960.000.730.400.33
UAEUAE 2361455661.4438.621.581.250.33
Greece ATHENS 50821510342.3247.911.721.440.28
FOREXFOREX 114336.3675.000.750.500.25
ThailandSET 85262.5040.000.200.000.20
BangladeshDSE 216228.5733.330.170.000.17
PhilippinesPSE 3113741.9453.850.150.000.15
ItalyBORSA 1000.000.000.000.000.00
NetherlandsAMSTERDAM 1000.000.000.000.000.00
UAEUAE 42250.00100.000.000.000.00
GermanyXETRA 1000.000.000.000.000.00
ChileBCS 6000.000.000.000.000.00
SpainIBEX 2000.000.000.000.000.00
FrancePARIS 1000.000.000.000.000.00
Greece ATHENS 1000.000.000.000.000.00
CanadaTSX 32066.670.000.000.000.00
BelgiumBRUSSELS 1000.000.000.000.000.00
Austria WIENERBORSE 1000.000.000.000.000.00
ArgentinaBUE 159560.0055.560.220.220.00
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 147450.0057.140.140.43-0.29
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.