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
CanadaCSE 53133819263.6556.807.912.725.19
CanadaTSX-V 132389048967.2754.945.632.563.07
EgyptEGX 77240522352.4655.064.491.433.06
South KoreaKOSDAQ 81374548268055.9958.824.171.322.84
USNASDAQ 2894516657905657.6054.324.371.552.83
ChinaSZSE 2539413944824554.9159.133.951.252.70
TurkeyBIST 96749726551.4053.324.121.562.57
Hong KongHKEX 118046761360357.2753.303.931.432.51
JapanSAPPORO 52240.00100.002.500.002.50
IndiaNSE 73734063220555.1154.273.841.362.48
ChinaSSE 183519983585354.4058.633.511.092.43
SwedenSTOCKHOLM 40202239117855.7052.613.811.562.25
USOTC PINK 145478544421259.7948.434.802.672.14
South KoreaKRX 85004747267755.8556.392.990.912.08
PakistanKSE 1878107262457.0858.213.491.422.07
SpainIBEX 125268035154.3151.622.890.892.00
IsraelTASE 2941157683853.5953.
QatarQE 51127715754.2156.682.650.721.93
ThailandSET 2008109455354.4850.553.001.071.93
Vietnam HOSE 2114115757654.7349.782.991.071.92
Poland GPW 2604148075556.8750.983.521.601.92
ChileBCS 2871489151.5761.492.640.821.82
The World 38666321327211156555.9951.543.031.231.80
Saudi ArabiaTADAWUL 122865135553.0154.532.540.761.77
AustraliaASX 62673704181559.1049.003.121.361.75
IndiaBSE 160678890451355.3350.763.481.781.71
BrazilBOVESPA 43192434124056.3650.942.821.141.68
TaiwanGTSM 47772629134355.3550.792.691.021.67
DenmarkCOPENHAGEN 103330.00100.001.670.001.67
USNYSE 39394225081154157.3051.132.590.941.65
OmanMSM 1711764.7163.642.360.731.64
IndonesiaIDX 141377736054.9946.333.371.761.61
CanadaTSX 115526179310853.4950.302.450.861.59
Vietnam HNX 56832115956.5149.533.291.701.58
JapanFUKUOKA 57261145.6142.312.230.671.56
BelgiumBRUSSELS 78645724558.1453.612.440.891.55
NorwayOSE 173696248155.4150.003.121.571.54
FrancePARIS 68513706187054.0950.462.330.821.51
UKLSE 2205411803588853.6449.772.601.091.50
MexicoBMV 74357.1475.001.500.001.50
MexicoBMV 163593245557.0048.823.061.561.50
TaiwanTWSE 66123722188356.2950.592.370.881.49
JapanTOKYO 3141817774923556.5751.962.591.121.47
BangladeshDSE 157691648758.1253.172.491.051.44
MalaysiaBURSA 2315126457754.6045.652.561.171.39
DenmarkCOPENHAGEN 97753523954.7644.672.591.281.30
RussiaMICEX 142871332749.9345.862.441.141.30
NetherlandsAMSTERDAM 2672149273255.8449.061.980.751.23
JapanNAGOYA 2531547360.8747.401.810.591.22
Austria WIENERBORSE 120261327851.0045.352.481.271.21
UKLSE 1610662.5060.001.300.101.20
USAMEX 53643214154659.9248.102.461.301.16
GermanyXETRA 1784210010500756.1749.971.920.791.13
ItalyBORSA 113126534307357.7647.031.970.861.11
PhilippinesPSE 94956528859.5450.972.241.181.06
SwitzerlandSIX 148557.1462.501.000.001.00
ChileBCS 124333.3375.001.500.501.00
Greece ATHENS 82343020652.2547.912.381.390.99
SwitzerlandSIX 46412534120854.6047.671.760.780.98
KuwaitKSE 73039718254.3845.842.141.260.88
SingaporeSGX 79441318152.0243.831.941.140.81
BrazilBOVESPA 95455.5680.001.600.800.80
SingaporeSGX 85262.5040.000.800.000.80
IndiaNSE 137653.8585.710.710.000.71
USFOREX 60291448.3348.280.660.030.62
UAEUAE 52930612257.8439.871.781.270.51
JordanASE 1871084857.7544.441.911.410.50
Poland GPW 114236.3650.000.500.000.50
South KoreaKOSDAQ 156340.0050.000.670.170.50
ChinaSSE 31151048.3966.670.530.070.47
ArgentinaBUE 174595139454.5041.432.472.090.39
IsraelTASE 1813772.2253.850.850.460.38
RussiaMICEX 4920840.8240.001.050.700.35
AustraliaASX 2416666.6737.500.500.190.31
PakistanKSE 78341743.5950.000.560.260.29
BangladeshDSE 3314642.4242.860.430.140.29
ThailandSET 1810855.5680.
MalaysiaBURSA 3011636.6754.550.450.270.18
NorwayOSE 40221055.0045.450.590.450.14
ArgentinaBUE 3412735.2958.330.330.250.08
PhilippinesPSE 61301849.1860.
PortugalLISBON 2931616554.9540.371.351.340.01
ItalyBORSA 21150.00100.
FrancePARIS 21150.00100.
NetherlandsAMSTERDAM 74257.1450.
SpainIBEX 31133.33100.
Hong KongHKEX 21150.00100.
Greece ATHENS 1000.
GermanyXETRA 21150.00100.
CanadaTSX 54180.0025.
BelgiumBRUSSELS 74257.1450.
Austria WIENERBORSE 21150.00100.
PortugalLISBON 1000.
SwedenSTOCKHOLM 2413554.1738.460.380.380.00
Vietnam HOSE 2613750.0053.850.150.31-0.15
TaiwanGTSM 146442.8666.670.330.50-0.17
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 2512448.0033.330.080.42-0.33
JapanTOKYO 72028.570.000.001.00-1.00
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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