GW Pharmaceuticals $GWPH has been retreating sharply, and might have further downside towards $100.GWPH Weekly Chart(click to enlarge)Sharp Correction:- As we can see on the weekly chart, price action looks heavy.- The $100 area might be a critical support, so I think there is at least downside to this area. - When we look at the daily chart, we can see that there was a bullish attempt earlier in September that was rejected around $150.- That was a bearish sign to at least $125. I added some exposure here around $125, but the sharp price action made me tentative so I saved most of my dry powder for $100.GW Pharmaceuticals (GWPH) - Bears in Control; I am Preparing Dry Powder $125 and $100- Indeed, the combination of price action last week suggests further downside - the bearish engulfing candle.- At this point, a break above $130 would be needed for me to shelve the bearish outlook.GWPH Daily Chart(click to enlarge)