Exact formation
Three long bearish candles, openings within the previous body and successively smaller closes.
What is happening in the market
The offer dominates three sessions and sells each recovery attempt.
Where it matters
After a rise, distribution or bearish breakout. It may be overextended after the third candle.
How to confirm it
Maintenance under the origin of the sequence and deterioration of the structure.
When it is invalidated
Quick recovery of bodies and closure at the beginning of the pattern.
Common mistake
Opening a position late when the distance to resistance already makes the risk unfavorable.