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!!!
Momemtum shift with strong rejection from the flip zone. RSI Divergence 161,8 FIB Extension reached -------- Price is currently restesting neckline
Confluence Factors: 1. Strong Resistance Area 2. RSI Divergence 3. Triple Botoom formatino 4. Price respected 20SMA at last Pin Bar
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
Squeeze Candle at important level plus downwards momemtum Potential Re-entry at breakout of 20SMA