Followed exactly as Feb 16 comment suggested. Low of 251.41, backtested breakdown now continued breakdown. Next support 247.90-247.45
Break back above 251.72 and should resume bullish trend but momentum for now is down and one should look for pivot points/support for reversals,.
Near those pivot points, .
Bounced off lower rising trendline, breaking out of shorter term correction channel but only to Gap fill and reverse. Closed right at 1rst support mentioned above. " backtested breakdown now continued breakdown. Next support 247.90-247.45 "
The last few strong bearish candles into close hints that selling will continue. Possible bounce or backtest first but those are solid bearish candle
Note how it Fell right to top of correction channel established earlier. (see picture above) This is why I use channel in most all my trading style. They are like magnets for price. The tough part is knowing where to establish them. Thats where most people fail.
A close back inside the channel should lead price to slide down the channel to 244-245 support.