End to daily bearish trend and strong momentum.

Last week the bulls were in action for the most part of the week. And the after hitting some area of resistance the bears stepped in and gained resistance. Last week lows were broken as part of this support turned resistance which gave away some movement to the market downside. Several lower lows were made during this week and they held tightly as resistance. Steadily pushing the market to the bottom on the 1hour was strong bearish. The Fibonacci is saying their is and area at the 25% that is holding at support which in turn makes it possible for the bulls to return. We wait for a new higher lows to form now. There were several points of interest that made these observations textbook.