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
Comment:
STOP LOSS HIT, ABORT THE TRADE