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ospreyeye

06/08/15 11:27 PM

#2262 RE: Roy London #2253

$RSSFF chart - BEARISH DESCENDING HAWK reversal pattern formed Mon. on light volume - Fast Sto @ 100.00 - RSI in the 50 to 70 bull zone -

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

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.