Strong Bearish Reversal Candlestick Pattern

Pattern: Bearish Reversal

1) There must be a prior uptrend.
2) Price opens above previous day close/high and makes a high higher than previous day.
3) The Red candle closes below previous day open/low

Trading this pattern
1) Look for this pattern after a big upmove.
2) Upon confirmation, open a short position on 3rd candle.
3) Place a stoploss above the high of the big red candle.