H1: Entering a downtrend
the market found resistance @ 1307.866 which is the 100% retracement level.
As the market dropped it broken thru my major retracement levels, consolidating at 38.% than continued to drop until it found support at 0% retracement 1261.658
my minor fibs I placed showed at 88.6 & 78.6 consolidating before dropping.
the yellow circles indicated how the market found support and resistance at this particular level
the market found resistance @ 1307.866 which is the 100% retracement level.
As the market dropped it broken thru my major retracement levels, consolidating at 38.% than continued to drop until it found support at 0% retracement 1261.658
my minor fibs I placed showed at 88.6 & 78.6 consolidating before dropping.
the yellow circles indicated how the market found support and resistance at this particular level