[00:02] average during trending markets for smart trading decisions the first step is identifying a clear Trend take a look at this chart it's a downtrend as a price action Enthusiast I'm always on the lookout for selling opportunities
[00:16] but the real question is how do you nail the perfect entry during a downtrend first things first identify key support and resistance levels see this level it used to be support and now
[00:30] its resistance now add the 50 simple moving average to your chart see how the market was rejected at this resistance level and the 50 moving average that rejection marked by a pin Candlestick pattern is a strong signal but why stop
[00:45] there let's add another layer of confirmation let's use Fibonacci retracement look at this point it's at the 50% or the 50% or 61.8% Fibonacci golden ratio this extra
[00:59] 61.8% Fibonacci golden ratio this extra confluence