confluences: 1) downtrend (break of trend line ) 2) area of value : major level of support and resistance , with fib reversal level at 38.2% 3) entry trigger : waiting for price to retest the level of reversal and bearish candlestick to appear before entering 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.