This is a macro drawing of the pulse. 1) The pulse occurred in a strong downtrend 2) FIBs show retracement levels for the pulse. Notice there is structural support near or at these levels. 3) A Return to .70 will be a return to downward Trend Channel top 4) A .236 is not a good indicator 5) Volumes still support good buying activity. 6) Watch BTC data for early indication of buying