Support was found at the first Pattern Break Target Level; the .236. BTC showed the capacity for continued sharp moves to the downside during consolidation phases post ETF roll-outs, with two corrected actions to break the neckline. The pattern provided a back-test of the neckline before falling into the downside confirmation phase. Where the 4 hour higher low is set will determine the power of the consolidation. In this example of supply and demand, the short term bull thesis in the form of a bounce at the neckline worked twice, and the bear thesis, a back-test of the neckline to the local lower low, also proved true.