M - market is currently in a downtrend
A - Price is at the 50 Fib, previous resitance and touching a desending trendling.
E - engulfing on the 1 hour
E - lows which we previously created
A - Price is at the 50 Fib, previous resitance and touching a desending trendling.
E - engulfing on the 1 hour
E - lows which we previously created