It depends on what timeframe you are trading in, and where your...

It depends on what timeframe you are trading in, and where your entry was-

For instance, if you were momentum trading, and you bought the breakout above the potentially bullish first reversal (probably on bar #1 or #2 if you had been dithering a bit).
I would have really tightened up my stop (or just sold) at the close of bar #5 (the narrow spread up bar on high volume), that was potentially full of selling.
And would have probably been stopped out two bars later (if you hadn't already just sold).

Then again if you were already in, or bought at or near the lows of the potentially bullish reversal, on a possible swing trade (or crawler trade), you may have held until the weakness became very obvious, then tightened the stop up to be just below the low of the failed reversal (and you would have been stopped out on the breakdown bar).

It just depends on what timeframe you are trading in, and what the intention of the trade was,........eg- someone trading off the weekly or monthly chart may still be holding that position.

cheers