Signs of impending danger perhaps

I know it does not take any technical analysis to tell us that today's drop for the Straits Times Index was really bad. I can see one huge black almost shaven candlestick staring back at me. But i may have something more to offer. By candlestick charting, a shaven candlestick and that is a candlestick where the low and the closing of the day are the same is a bearish signal. The fact that the yesterday's small white candlestick was within today's black candlestick formed a bearish engulfing pattern and this is a bearish signal too. Add to that another factor and that is the today's volume was quite heavy is also another bearish signal.

By technical analysis, today's closing seems to be a breach of the trendline that is supporting it but it might be a whipsaw. Furthermore, RSI got resisted yet again by the horizontal resistance level. So things are looking bearish. However, the level of around 3814 seems like a strong short-term support going by the candlesticks so let's just see how it goes.

Straits Times Index Chart: