Yes it's live, so it should shut at the same lvl than previous opening candle but only if its high is more important than the previous. If the last bullish candle is 10 pips, an the next bearish candles are 5 pips, one by one, the price can go below without limit.
https://fxdreema.com/shared/iRBt37Xmd
You should try it yourself, it's very simple