So it looks like we broke the level to hold (the circled area). Price action closed below the last leg to your local high, this is a signal of possible trend reversal, its never 100% but probably top 3 if not top way to confirm changes in trend. This could be the pullback after the close that I always talk about, I'm personally taking a small short here and will add if price moves up but doesn't gain the previous local high. Id look for the retest of the next level down and if it closes below that it will continue to drop.