M pattern, swing failure

Inside that range have been buyers, but those buyers are now underwater

Inside that low, we will be focusing on the last down candle, because thats where the last orders where placed before the short rally up

If we anticipate prices going even lower, then we can use that as another selling opportunity

Collapse the trade and wait for new developments

Its refered to as buyers remorse

He uses the actual low of the downcandle here not just the body, so the low of the wick

The whole downcandle represents the mitigation block, so as long as its not trading above that then its respecting it

So we can be a seller at the lowest point of the candle, the wick. And our stop loss can be at the highest point of the downcandle, also the wick on the opposite side.