Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Weak Reversal



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 23 10.5 0.61% 1.56% 2.2% -1.4% 17.7%
SHORT 24 22.1 0.46% 0.85% 4.6% -2.8% 14.0%


Technical Analysis

Crown (CWN.AX)



Last Signal:


Trading: SELL @ $12.97
Signal Strength: STRONG

Indicator CAN BE USED in additional to another technical indicator to confirmation for trading position. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.

Crown (ASX:CWN) has formed a new Two Crows reversal pattern.

This pattern is a made up of three candlesticks. The black candlesticks of the second and third day represent the two crows that perched on the first white candlestick.

Calculation: Two Crows Candlestick Pattern:
1) The market is characterized by a prevailing uptrend;
2) A strong white candlestick appears on the first day;
3) The second day is a black candlestick that gaps up;
4) On the last day another black candlestick appears that opens inside the body of the second day and then closes inside the body of the first day;


Stock Exchange: ASX
Company: Crown
Ticker Codes: | CWN.AX | ASX:CWN |

About Crown (ASX:CWN):

Crown Resorts Limited operates in the entertainment industry primarily in Australia. It operates in four segments: Crown Melbourne, Crown Perth, Crown Aspinalls, and Wagering & Online. The company owns and operates two integrated resorts, including Crown Melbourne in Melbourne and Crown Perth in Perth. Its Crown Melbourne resort comprises 2,628 gaming machines and 540 gaming tables; the Crown Towers Melbourne hotel with 481 guest rooms, the Crown Metropol Melbourne hotel with 658 guest rooms, and the Crown Promenade Melbourne hotel with 465 guest rooms; a conference center; banqueting facilities; restaurants and bars; and designer brands and retail outlets. The company's Crown Perth resort includes the Crown Towers Perth hotel with 500 guest rooms; Crown Metropol Perth hotel comprising 397 guest rooms; the Crown Promenade Perth hotel with 291 guest rooms; entertainment facilities comprising a ballroom, theatre, and convention facilities; and rooms, suites, villas, private gaming salons, restaurants, bars, pool, and spa facilities. It also owns and operates the Crown Aspinalls, a casino in London; and engages in wagering and online social gaming activities. The company was formerly known as Crown Limited and changed its name to Crown Resorts Limited in October 2013. Crown Resorts Limited is based in Southbank, Australia.

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