Descending Hawk - Bearish Japanese Candlestick Reversal Pattern

Descending Hawk Definition

The descending hawk pattern is a two-day bearish reversal pattern and is the bearish version of the homing pigeon. The first candlestick in the formation is a long green candle which comes after a clear uptrend has been in place. The second candlestick is an inside bar, that is also a green candlestick. This formation is not a strong sign that a reversal is in play, but it is a sign that the current trend may be losing steam. Traders should wait for the low of the first candlestick in the descending hawk pattern to be exceeded prior to taking a short position. Stops can conversely be placed above the high of the first candlestick.

Descending Hawk Charting Example

Descending Hawk