Descending Hawk and Homing Pigeon

Monday, December 10, 2012
 Similar to the Harami pattern but both real bodies of the candles share the same color.


   Descending Hawk
  • Bearish reversal pattern
  • Appears at market tops
  • 1st candle is a long bullish candle in the direction of the trend
  • 2nd candle is a short bullish candle gapping down at open
  • Both candles are the same color
  • 2nd candle's body is inside the previous candle 
  • A close below the 1st candle's open confirms the pattern

Homing Pigeon
  • Bullish reversal pattern
  • Appears at market bottoms
  • 1st candle is a long bearish candle in the direction of the trend
  • 2nd candle is a short bearish candle gapping up at open
  • Both candles are the same color
  • 2nd candle's body is inside the previous candle
  • A close above the 1st candle's open confirms the pattern