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
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
Comment:
I expected much more momentum before the inventories. So I closed half of my position this morning and moved SL to BE
Trade closed: stop reached
Comment:
Potential reversal at next zone: Last swing High = 161,8% Fib Extension!!!