1600 tick chart on the left shows negative divergence building up to the top and the double top that followed, which subsequently fell and found initial support at 50% fibonacci retracement level of the move from the bottom shown on 1 hour chart on the right. 1 hour chart also shows the fibonacci fan levels that acted as support and resistance. Notice the 50% fan level(white line) that it initially bounced from previous sell off got broken like butter and didn't provide any support when it failed at 38.2% fan line above and fell. 61.8% fan line below did provide initial support along with the 50% level mentioned, together strengthening the level for initial bounce. 1600 tick chart also shows 23.6% fibonacci retracement level as resistance, which took the price lower.
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