A couple of observations:
Price is pausing for the moment at the upper blue/orange rising bottoms line in posted chart.
Daily closes below the lower blue/orange rising bottoms line argue for the completion of an ascending wedge, which suggests a deeper correction.
Bulls kind of need to mount a defense to support the close.
The 200 day MA is the next area of important support.
If a test of that fails, the August low probably breaks and some serious liquidation could unfold.
Thar be big stops below the March and June lows in the 2720s.
Below those could be a good spot for capitulation.
After all that, one would consider a test of the December low as a possibility.
One day at a time though as I have no idea what will happen.