Two key areas on weekly time frame… in an uptrend you want to always close above the 30 week moving average.

Sometimes wicks (daily or smaller action) can appear below support lines and the moving average… but should the close above.. you are okay.

In a very strong uptrend or bull market.. you shouldn’t dip at all under the 30 week moving average.

Depending how fast this corrects.. first line of defense is 1585$, then 1530$ should provide good support…

Close below those OR the 30 week moving average (wherever it may be at that time) is a time to sell and wait.