Last week, I was expecting price to head up and mitigate the bearish POI at 166.25 but price consolidated instead. Right now, price is playing out well according to expectations. My original expectations still stand, once price mitigated the bearish POI at 166.25, we should see a bearish retracement from there.
i agree with your bearish bias, and now the price is testing the support at 154. If the price can break this support level successfully, the next support level could be at around 143. Please check out my analysis at: