its basically gap down and went longer than your set points for take profit , because the stock was latterly running higher high form weeks , so investors and small stock holding individuals felt its important to square off now than further low , that's only condition will put stock gap down or gap up in case of buying sentiments , but institutional investors are already out of the stock as Money flow index shows they are out form seen quite week ago , its good call but if you use Money flow index for Weekly charts you will come to know what is going on in the stock week by week difference
Regards
@pk29121976, sir try to catch the market sentiments , the stock was running more it can run form many days , so everyone was on board , when reached such point that they did not find the buyers for their stock at higher price then the current so they started selling the stocks , which eventually brought the price lower by lower , when supply increased the demand decreased , all candle formation is based on the preceding market sentiments , try not to see the completed candle as single , try to see the entire seen as one glance , so you will understand why investors started through the stock downward ,weekly chart candle formation is nothing but formation of day candles range , so if the day candles are bearish the weekly candle will be bearish , but why day candles are bearish because of the market sentiments , that everyone want to sell their stock in higher price but no one is buying that's why the started selling , Simple sir