M= Market is on a down trend
A= Area of Value: There is a multiple layer of Confluence: 50EMA Dynamic Resistance, TrendLine , Previous S&R and 50% and 61.8% Fibbo Retracement Level,
E= Trade a pullback from 61.8% Fibbo Level, wait for any rejection candle on an Hourly to Enter a Sell ( e.g Bearish Engulfing Candle)
E= Exit on the Next Fibbo Zones, TP1 and TP2
A= Area of Value: There is a multiple layer of Confluence: 50EMA Dynamic Resistance, TrendLine , Previous S&R and 50% and 61.8% Fibbo Retracement Level,
E= Trade a pullback from 61.8% Fibbo Level, wait for any rejection candle on an Hourly to Enter a Sell ( e.g Bearish Engulfing Candle)
E= Exit on the Next Fibbo Zones, TP1 and TP2