I have the same level I posted from my previous chart still marked out as I do believe it is still valid amid that drop below it. If we can comfotably stay above that level and break Market Structure, that would indicate to me that the low is in & we are on our way to a new High.
After a massive bull run we always expect price to retrace because of people taking profit and selling. Therefore I expect a slight retracement to the level I marked out or slightly lower to the consolidation that occurred before the bull run. Anything below that means we could head lower.
Not going to bother explaining this as whenever I do I still get some silly questions about it. if you have a good understanding of Price Action then you should realise what is going here in a second. PM if you need help