M= Market is on a down trend
A= Area of Value is the 50EMA Dynamic Resistance, TrendLine, Previous S&R and 38% Fibbo Retracement Level
E= Trade a pullback from 38% 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 is the 50EMA Dynamic Resistance, TrendLine, Previous S&R and 38% Fibbo Retracement Level
E= Trade a pullback from 38% 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
Note
STOP LOSS HIT, ABORT THE TRADE
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.