Candlesticker, BEARISH DESCENDING HAWK PATTERN.

1 of 3

http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2208

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INTRODUCTION

BASIC CANDLESTICKS

BULLISH PATTERNS

BEARISH PATTERNS

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 days 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.

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 patterns strength
and reliability and help you in your selling decisions.

Traders 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

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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.

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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 1/1/2013

Country

Stock Exchange

Website

US

OTCBB

Americanbulls

Canada

CSE

Canada

Patterns
Total

Confirmed
Total

Profitable
Signals

Confirmation
%

Profitable
Signal%

Profit%

Per Trade

Loss%

Total Net%

Samples

155

105

67

67.74

63.81

9.01

2.58

6.43

Canadabulls

80.00

75.00

8.75

3.00

5.75

TSX-V

Canadabulls

684

457

243

66.81

53.17

6.10

2.09

4.01

US

OTC PINK

Americanbulls

7914

4833

2709

61.07

56.05

5.55

1.89

3.66

Saudi Arabia

TADAWUL

Middleeastbulls

515

265

190

51.46

71.70

3.73

0.43

3.30

Portugal

LISBON

Portuguesebulls

197

102

66

51.78

64.71

3.77

0.64

3.14

South Korea

KOSDAQ

Koreanbulls

3655

2083

1351

56.99

64.86

3.86

0.92

2.94

Indonesia

IDX

Indonesianbulls

639

367

206

57.43

56.13

3.95

1.02

2.94

KBIOQ

225430.KQ

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China

SSE

Chinesebulls

Egypt

EGX

Taiwan

http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2208

6732

3587

2174

53.28

60.61

3.76

1.01

2.75

600666.SS

Middleeastbulls

516

291

170

56.40

58.42

3.90

1.23

2.67

ELSH.CA

GTSM

Taiwanesebulls

2188

1229

740

56.17

60.21

3.41

0.76

2.65

8930.TWO

US

AMEX

Americanbulls

1931

1107

648

57.59

58.27

3.53

0.91

2.62

WYY

Turkey

BIST

Turkishbulls

684

371

218

54.24

58.76

3.40

0.81

2.59

Hong Kong

HKEX

HongKongbulls

5890

3318

1877

56.33

56.57

3.74

1.17

2.57

US

WARRANTS

Americanbulls

109

62

41

56.88

66.13

3.39

0.84

2.55

Japan

SAPPORO

Japanesebulls

40.00

100.00

2.50

0.00

2.50

Argentina

BUE

Argentinianbulls

132

70

42

53.03

60.00

3.74

1.29

2.46

TS.BA

China

SZSE

Chinesebulls

9081

4858

2807

53.50

57.78

3.83

1.39

2.44

002479.SZ

Greece

ATHENS

Greecebulls

538

290

160

54.09

54.98

3.74

1.31

2.43

US

NASDAQ

Americanbulls

13686

7523

4449

54.97

59.14

3.29

0.87

2.42

AQXP

Russia

MICEX

Russianbulls

984

513

287

52.13

55.95

3.32

0.94

2.38

RASP

Brazil

BOVESPA

Brasilbulls

1462

802

498

54.86

62.09

3.03

0.76

2.27

GOAU3.SA

Japan

NAGOYA

Japanesebulls

155

85

46

54.84

54.12

2.81

0.59

2.22

Kuwait

KSE

Middleeastbulls

149

86

44

57.72

51.16

3.31

1.14

2.17

Norway

OSE

Norskbulls

604

330

174

54.64

52.73

3.39

1.24

2.15

South Korea

KRX

Koreanbulls

4790

2561

1555

53.47

60.72

2.90

0.76

2.14

Japan

TOKYO

Japanesebulls

16063

8977

5107

55.89

56.89

3.07

0.93

2.14

178589

98437

55650

55.13

56.52

3.05

0.96

2.09

6394

3417

1967

53.44

57.57

3.39

1.35

2.04

TI.NS

844

434

244

51.42

56.22

3.29

1.27

2.02

OHH

The World

1385.HK

108675.KS

India

NSE

Hindustanbulls

Israel

TASE

Israelibulls

Taiwan

TWSE

Taiwanesebulls

2679

1455

827

54.31

56.84

2.60

0.60

2.00

2908.TW

India

BSE

Hindustanbulls

9966

5421

3026

54.39

55.82

3.69

1.72

1.98

DION.BO

Canada

TSX

Canadabulls

7318

4128

2283

56.44

55.28

2.59

0.65

1.94

GXE.TO

Qatar

QE

Middleeastbulls

322

157

96

48.76

61.15

2.45

0.51

1.94

QIIK.QA

Spain

IBEX

Espanolbulls

538

281

154

52.23

54.80

2.84

0.93

1.91

UK

LSE

Britishbulls

9720

5036

2825

51.81

56.10

2.67

0.76

1.91

FCR.L

Italy

BORSA

Italianbulls

4320

2268

1266

52.50

55.82

2.55

0.75

1.80

LCTO.MI

Sweden

STOCKHOLM

Swedishbulls

1710

915

490

53.51

53.55

2.69

0.92

1.77

EWRK.ST

US

NYSE

Americanbulls

22759

12844

7299

56.43

56.83

2.31

0.60

1.71

NADL

Australia

ASX

Aussiebulls

2635

1540

807

58.44

52.40

2.62

0.94

1.68

UAE

UAE

Middleeastbulls

285

151

75

52.98

49.67

2.74

1.07

1.66

Austria

WIENERBORSE

Austrianbulls

363

187

117

51.52

62.57

2.06

0.48

1.59

Oman

MSM

Middleeastbulls

23

13

56.52

61.54

3.38

1.85

1.54

ADCB.AD

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http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2208

France

PARIS

Francaisbulls

3222

1648

841

51.15

51.03

2.18

0.73

1.45

Belgium

BRUSSELS

Belgianbulls

607

325

179

53.54

55.08

2.00

0.58

1.42

Germany

XETRA

Deutschebulls

5609

3071

1641

54.84

53.35

2.10

0.76

1.34

AD1.DE

Singapore

SGX

Singaporebulls

814

450

220

55.28

48.89

2.19

0.93

1.27

Y03.SI

Denmark

COPENHAGEN

Danskbulls

541

292

150

53.97

51.37

2.22

0.97

1.26

PARKEN.CO

Malaysia

BURSA

Malaysianbulls

1964

1109

554

56.47

49.95

2.20

0.94

1.26

9121

Netherlands

AMSTERDAM

Dutchbulls

1099

591

296

53.78

50.08

1.73

0.59

1.15

TNE.AS

Japan

FUKUOKA

Japanesebulls

26

14

53.85

64.29

1.64

0.50

1.14

Mexico

BMV

Mexicanobulls

670

351

182

52.39

51.85

1.88

0.81

1.07

Jordan

ASE

Middleeastbulls

136

91

46

66.91

50.55

2.44

1.37

1.07

Switzerland

SIX

Swissbulls

2484

1365

698

54.95

51.14

1.60

0.57

1.03

WMN.SW

US

PREFERRED

Americanbulls

3320

1727

812

52.02

47.02

0.91

0.29

0.61

GST-PA

Turkey

BIST

Turkishbulls

10

50.00

20.00

1.40

0.80

0.60

US

AMEX

Americanbulls

20

13

65.00

30.77

0.38

0.15

0.23

FOREX

FOREX

0.00

0.00

0.00

0.00

0.00

SOI.PA

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 ProfitsTotal 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

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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
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26-Jun-16 2:06 PM