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 148966165.5462.896.622.943.68
ChinaSZSE 101065628320855.6957.003.851.222.63
South KoreaKOSDAQ 37382040119154.6058.353.831.222.60
JapanSAPPORO 52240.00100.002.500.002.50
ChinaSSE 76804302242256.0256.303.511.102.41
PakistanKSE 113562635955.1557.353.621.302.33
QatarQE 34718310752.7458.472.830.572.26
IsraelTASE 104755732153.2057.633.210.982.23
IndiaNSE 51842805154654.2255.003.571.352.22
Hong KongHKEX 69993972201856.8550.723.321.292.03
Poland GPW 121067037255.6255.273.181.211.97
USNASDAQ 117206158320052.6551.863.101.161.94
ThailandSET 80946223757.1151.302.670.881.79
IndiaBSE 99695528287055.4851.893.571.781.79
OmanMSM 64366.6775.002.500.751.75
IndonesiaIDX 73341921357.1650.843.011.301.72
JapanFUKUOKA 3614738.8950.002.430.711.71
USOTC PINK 88185321252760.4247.434.472.871.60
South KoreaKRX 47142624145455.6655.412.420.831.59
CanadaTSX-V 81050925862.8450.694.582.991.59
SpainIBEX 60432817654.3053.662.400.821.58
SwedenSTOCKHOLM 2064113455854.9449.212.981.481.50
SingaporeSGX 42150.0050.001.500.001.50
The World 1828831018675092655.7449.962.651.181.47
Saudi ArabiaTADAWUL 53429115654.4953.612.130.681.44
EgyptEGX 44324912756.2151.002.981.541.44
TurkeyBIST 52828814054.5548.612.561.131.44
Vietnam HOSE 111661030954.6650.662.431.021.41
TaiwanGTSM 2414139368857.7149.392.390.981.40
JapanTOKYO 171109703506156.7152.162.561.161.39
USAMEX 1921106749655.5446.492.511.131.38
ArgentinaBUE 2701387151.1151.453.081.731.35
MalaysiaBURSA 158491541857.7745.682.310.971.34
TaiwanTWSE 3251182789456.2048.932.070.751.32
SwitzerlandSIX 117463.6457.141.140.001.14
PortugalLISBON 129652750.3941.542.831.721.11
Vietnam HNX 40722910156.2744.102.451.341.10
ItalyBORSA 47612781127758.4145.921.980.901.08
FrancePARIS 2970160478554.0148.941.800.761.04
AustraliaASX 3331191485457.4644.622.091.071.01
IndiaNSE 73342.86100.001.000.001.00
JapanNAGOYA 153994564.7145.451.820.821.00
DenmarkCOPENHAGEN 111100.00100.001.000.001.00
CanadaTSX 56183084146054.8947.341.830.870.96
Austria WIENERBORSE 4302039547.2146.801.860.900.96
USNYSE 172049448440054.9546.541.790.840.96
SingaporeSGX 60234113556.6439.591.981.020.96
USWARRANTS 4522948.8940.914.823.860.95
RussiaMICEX 99957527257.8647.062.021.070.95
BelgiumBRUSSELS 48727313756.0650.181.560.630.93
MexicoBMV 84147822456.8446.861.911.020.89
UKLSE 105605596253153.0345.201.901.040.87
GermanyXETRA 55423242148058.6145.571.590.800.78
DenmarkCOPENHAGEN 46525010553.7642.001.831.070.76
USFOREX 2214863.6457.140.710.000.71
NorwayOSE 113227.2766.670.670.000.67
MexicoBMV 53260.0066.670.670.000.67
NetherlandsAMSTERDAM 104056123953.9442.601.260.610.64
JordanASE 142884061.9745.452.021.400.63
BangladeshDSE 147684740057.3847.231.731.150.58
PhilippinesPSE 53629913655.7845.481.821.260.56
IsraelTASE 995100.0055.561.110.560.56
BrazilBOVESPA 133469930752.6243.731.951.410.54
NorwayOSE 62533215253.1245.782.281.740.54
KuwaitKSE 3001747658.0043.681.981.460.52
RussiaMICEX 32266.67100.000.500.000.50
UAEUAE 2441475860.2539.461.741.240.50
ThailandSET 85362.5060.000.400.000.40
USPREFERRED 3496194683055.6642.650.750.350.40
SwitzerlandSIX 2339132854656.7841.111.050.670.39
AustraliaASX 138361.5437.500.500.130.38
Greece ATHENS 52622010741.8348.641.751.400.35
PakistanKSE 309530.0055.560.560.220.33
ChileBCS 2615957.6960.000.730.400.33
ChinaSSE 2011755.0063.640.270.090.18
BangladeshDSE 216228.5733.330.170.000.17
SwedenSTOCKHOLM 117363.6442.860.570.430.14
PhilippinesPSE 3214843.7557.140.140.000.14
South KoreaKOSDAQ 103130.0033.330.330.330.00
ItalyBORSA 1000.000.000.000.000.00
MalaysiaBURSA 103230.0066.670.330.330.00
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 71114.29100.000.000.000.00
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 179552.9455.560.220.220.00
Poland GPW 62133.3350.000.000.000.00
PortugalLISBON 1000.000.000.000.000.00
TurkeyBIST 61016.670.000.000.000.00
TaiwanGTSM 85362.5060.000.400.60-0.20
Vietnam HOSE 147450.0057.140.140.43-0.29
IndonesiaIDX 137153.8514.290.140.57-0.43
FOREXFOREX 136346.1550.000.501.17-0.67
UKLSE 61016.670.000.001.00-1.00
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.