M= Market has been on an uptrend that has now been broken to start a new downtrend.
A= Area of Value: Price is trading on a Daily S&R, Price is between 38.2% and 50% Fibbo Retracement Levels, and price is also on a 50EMA on an 1H chart.
E= Enter a Sell when you observe rejection candles on this zone
E= Exit on TP1 and TP2
Chart PatternsTrend Analysis

Penafian