1:5 Risk to reward sell of FTSE

We have been watching the FTSE since morning and will short it now.

1) There is a AB=CD pattern to sell
2) There is strong 161.8 Fib levels from the previous upswing.
3) Previous day high
4) RSI H1 divergence present

The target is 8585 but we will take profit along the way as it is counter trend.