Cable appears to be forming a bear flag consolidation below the broken support levels.I have divided the range into eigths.The 3/8 and 5/8 support/resistance levels coincide closely with the 0.382 and 0.618 levels Fibonacci analysts use,(1/2 and 0.5 obviously being the same).In Gann analysis all 8 levels can be used but 3/8,1/2 and 5/8 are most important.(3/8-5/8 is considered to be the range where a market will normally find equilibrium in a retracement move) 3/4 and 0.786 fib level are also close.
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