With major bullish divergence appearing on the daily chart and the completion of an ending diagonal a retrace to the .786 and bottom of channel at the support is expected. With a bounce at that point <approx. 254> then that would support the bullish case for new higher highs.
If the price breaks below the .786 and lower support then the bearish case would be looking very likely. A bounce at the lower support of the expanding triangle would be expected.. but lower lows after that.
If the price breaks below the .786 and lower support then the bearish case would be looking very likely. A bounce at the lower support of the expanding triangle would be expected.. but lower lows after that.