Descending Hawk

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Figure 1. Descending Hawk pattern.

Figure 1. Descending Hawk pattern.

Japanese name: kakouchu no taka
Forecast: bearish reversal
Trend prior to the pattern: uptrend
Opposite pattern: Homing Pigeon, Bullish Harami

Construction:

  • First candle
    • a candle in an uptrend
    • white body
    • appears as a long line
  • Second candle
    • white body
    • candle's body engulfed by the prior candle's body
    • appears as a long or short line

The Descending Hawk is a two-line bearish reversal pattern belonging to the harami patterns family. The candle's body of the first line engulfs the second line's body. Shadows do not matter in regard to both candles.

The first line of the pattern may be any candle with a white body, appearing as a long line. Following candles are allowed: White Candle, Long White Candle, White Marubozu, Opening White Marubozu, Closing White Marubozu. Candles classified as doji or spinning top are not permitted.

The second candle of the Descending Hawk may be any white candle, appearing as a long or short line, i.e. Short White Candle, White Candle, Long White Candle, White Marubozu, Opening White Marubozu, Closing White Marubozu. Candles classified as doji or spinning top are not allowed.

Controversies around how to consider bodies and shadows are described in this article: Two-Line Patterns.

The Descending Hawk appears in an uptrend predicting its reversal. It has to be confirmed on the following candles in the form of breaking out of the support area or a trendline and closing significantly below. The one should be cautious on the first line forming a support zone.

Figure 2.

Figure 2. A Descending Hawk pattern is confirmed by a High Wave basic candle, being the first line of a Turn Down pattern. Price drops rapidly on the following days.

Figure 3.

Figure 3. The Descending Hawk pattern belongs to the harami patterns family. Bearish patterns from this family have one common feature: their first line should be closed on the following days, that is a candle with a white body. Only then, such pattern is confirmed.
A (1) Descending Hawk is cancelled on the following candles.
Another occurrence of a (2) Descending Hawk also failed. Its first line, a Closing White Marubozu is closed by a Short Black Candle. A support area formed by a White Marubozu candle (being the second line of a Rising Window) was too strong however for the bears. The appearance of a Turn Up pattern confirmed the mentioned support zone.

Descending Hawk statistics

Below you can find some Descending Hawk pattern statistics calculated by CandleScanner software. To see more detailed statistics, for other markets and periodicity try our CandleScanner software. Prices start at only $10, and you can see more detailed statistics, for other markets and periodicity. Click here to find out more!

Pattern name: Descending Hawk
Scanner settings: daily stocks
Group: S&P500
Number of symbols: 502
Date range: 7/1/1995 - 6/30/2015
Time interval: daily candles
Total number of candlesticks: 2,236,421
Number of occurrences (Descending Hawk): 9,351
Number of occurrences (all candlestick patterns): 638,570
% of occurrences (Descending Hawk): 1.46 %
Average frequency: 239.2
Efficiency statistics (5 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
1 1,346 3,239 2,003 2,762
% of
Occurrences
0.01 % 14.38 % 34.64 % 21.42 % 29.55 %
Efficiency statistics (10 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
10 1,233 2,621 1,814 3,673
% of
Occurrences
0.11 % 13.08 % 28.03 % 19.40 % 39.38 %
10 top best performing symbols

Occurrences Statistics 5 candlesticks testing period
(HIGH efficiency)
10 candlesticks testing period
(HIGH efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
EXPD 28 179.7 16 57.14 % 18 64.29 %
TXT 28 179.8 13 46.43 % 18 64.29 %
JNPR 19 212.1 12 63.16 % 12 63.16 %
WM 21 239.7 10 47.62 % 13 61.90 %
FOSL 23 218.8 12 52.17 % 14 60.87 %
BWA 23 218.9 10 43.48 % 14 60.87 %
COP 23 218.9 10 43.48 % 14 60.86 %
CVX 30 167.8 12 40.00 % 18 60.00 %
FLS 20 251.7 9 45.00 % 12 60.00 %
PBI 22 228.8 11 49.99 % 13 59.08 %
10 top worst performing symbols

Occurrences Statistics 5 candlesticks testing period
(FALSE efficiency)
10 candlesticks testing period
(FALSE efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
LEN 24 209.8 9 37.50 % 9 37.50 %
JNPR 19 212.1 7 36.84 % 7 36.84 %
XEC 22 146.0 8 36.36 % 8 36.36 %
NUE 23 218.9 8 34.78 % 8 34.78 %
KLAC 21 239.7 7 33.33 % 7 33.33 %
ZION 31 162.4 10 32.26 % 10 32.26 %
UNH 28 179.8 10 35.71 % 9 32.14 %
XLNX 31 162.4 9 29.03 % 9 29.03 %
AA 21 239.7 6 28.57 % 6 28.57 %
GT 21 239.7 6 28.57 % 6 28.57 %
Pattern name: Descending Hawk
Scanner settings: daily stocks
Group: S&P500
Number of symbols: 502
Date range: 7/1/2010 - 6/30/2015
Time interval: daily candles
Total number of candlesticks: 614,034
Number of occurrences (Descending Hawk): 3,247
Number of occurrences (all candlestick patterns): 166,328
% of occurrences (Descending Hawk): 1.95 %
Average frequency: 189.1
Efficiency statistics (5 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
1 451 1,356 735 704
% of
Occurrences
0.03 % 13.86 % 41.76 % 22.64 % 21.71 %
Efficiency statistics (10 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
10 384 1,091 717 1,045
% of
Occurrences
0.31 % 11.52 % 33.60 % 22.08 % 32.49 %
10 top best performing symbols

Occurrences Statistics 5 candlesticks testing period
(HIGH efficiency)
10 candlesticks testing period
(HIGH efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
IPG 7 179.7 6 85.71 % 7 100.00 %
CNX 7 179.7 5 71.42 % 6 85.71 %
URI 11 114.4 8 72.73 % 9 81.82 %
EXPE 7 179.7 4 57.13 % 5 71.42 %
STX 7 179.7 4 57.14 % 5 71.42 %
INTU 9 139.8 4 44.45 % 6 66.67 %
UHS 12 104.8 5 41.67 % 8 66.67 %
LUK 11 114.4 6 54.55 % 7 63.64 %
BWA 8 157.3 3 37.50 % 5 62.50 %
CBG 8 157.3 4 50.00 % 5 62.50 %
10 top worst performing symbols

Occurrences Statistics 5 candlesticks testing period
(FALSE efficiency)
10 candlesticks testing period
(FALSE efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
GILD 10 125.8 5 50.00 % 5 50.00 %
XEC 8 157.3 4 50.00 % 4 50.00 %
HUM 7 179.7 3 42.86 % 3 42.86 %
MCK 7 179.7 3 42.86 % 3 42.86 %
MKC 7 179.7 3 42.86 % 3 42.86 %
PKI 7 179.7 3 42.86 % 3 42.86 %
UNH 7 179.7 4 57.14 % 3 42.86 %
ZION 12 104.8 5 41.67 % 5 41.67 %
CELG 8 157.3 3 37.50 % 3 37.50 %
ESRX 8 157.3 3 37.50 % 3 37.50 %

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