Fade Audio Out?

I have a audio clip at the end of my editor time line I want to fade out.  I go into Effects>Transitions Audio >Fade.  Then hold the mouse over it and drag it to the end of the audio clip.  It then just sort of places a neon green line at the end but I don't see any way to edit the fade out properties.  What am I doing wrong so this won't work?

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