The Long term STI sell Revolution is Coming

Good day traders!

We're looking at a potential buy setup for

1.) From the beginning of August 2022 to the present, the price has been in a descending trend on the Daily chart.

2.) Looking for a possible retracement sell entry at 3223.51 where the 61.8% Fibonacci line and 38.2% Fibonacci line intersects. There is also a market gap there to be filled which adds confluence to this bias

3.) Take profit will be at 3038.15 where the support line, previous swing lows and -27.2% Fibonacci expansion line are.

4.) Stop loss will be set at 3297.59 where the 100% Fibonacci line and previous high is.

Is there anyone else who believes the same way?

Sell Entry: 3223.51

Take Profit: 3038.15

Stop Loss: 3297.59