NIce pattern after the news coming from UK this morning.
In case there is not an immediate follow through downwards, we shall close the position manually.
- Momentum shift confirmed with breakout of trendline
- RSI Divergence
- Price reached FIB extension
- This one could trigger a much larger reversal!!!
Confluence Factors:
1. Momentum Shift
2. RRR 1:2 to next Swing High
3. Divergence on RSI
4. First Fib Extension (Major Flip zone) reached with triple bottom formation