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 32 10.1 0.59% 1.27% 2.0% -3.7% -17.2%
SHORT 33 14.4 0.52% 0.94% 1.9% -3.2% -26.3%


Technical Analysis




Last Signal:


Trading: SELL @ $3.5
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.

GWA (ASX:GWA) 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: GWA
Ticker Codes: | GWA.AX | ASX:GWA |

About GWA (ASX:GWA):

GWA Group Limited engages in the research, design, manufacture, import, marketing, and distribution of building fixtures and fittings to residential and commercial premises in Australia, New Zealand, and international markets. It operates through two segments, Bathrooms & Kitchens, and Door & Access Systems. The Bathrooms & Kitchens segment offers vitreous China toilet suites, basins, plastic cisterns, tapware, baths, kitchen sinks, laundry tubs, and bathroom accessories under various brands, including the Caroma, Dorf, Fowler, Stylus, and Clark as well as Schell, Virtu, EMCO, and Sanitron. The Door & Access Systems segment provides door locks and levers under various brands, including Grainsborough, Trilock, TradePro, and Austral Lock, as well as Salto, Lorient, and Eco Schulte. This segment also engages in the supply and maintenance of commercial door systems. GWA Group Limited is headquartered in Eagle Farm, Australia.

Top 10:

Weak Reversal

Company Close Change(%) Volume Value Signal
ATL ASX 20 0.45 3.4 449,537 -1 BEARISH
MDC Mcconnell Dowell Corporation 0.4 2.6 158,851 -1 BEARISH
APE Ap Eagers Holdings 10.06 2.1 226,324 -1 BEARISH
REG Rg Capital Radio 2.7 1.9 236,160 -1 BEARISH
NCK Nick Scali 6.63 1.5 141,635 -1 BEARISH
CWP Cedar Woods Properties 6.09 1.5 110,633 -1 BEARISH
IRI Integrated Research 3.45 1.5 306,843 -1 BEARISH
PAC Pacsoft 5.21 1.4 31,817 -1 BEARISH
PMV Premier Investments 16.19 0.9 175,949 -1 BEARISH
RUL Runge 0.6 0.8 19,458 -1 BEARISH