Basic breakout pull back strategy here, however we have two points at which price can pullback to before it starts its move back down. The most immediate level is the 158.369 level which is a minor that price broke out of first, but never retested. The other level is the 156 level which was the major level that helped us determine that price will continue to move downward. I'm going to watch PA closely in the next few days and provide updates.
Comment: Price is approaching first possible entry level