Well said. I like it.

One hint might have been the volume pace on the hammer. Note the volume at the close of the hammer was approx. the same as on the previous bar, but the hammer closed much lower in the bar’s range than the previous bar. This would indicate that there were the same number of transactions but with sellers scrambling over one another while the buyers backed away.

If you were to look inside the bar, I’d wager that the volume pace on the break was very light and that it wasn’t until price started tanking that most of the bar’s volume came in.

Of course, seeing that in hindsight is always easier than real-time.