European CBD pharmaceutical name, GW Pharmaceuticals $GWPH broke below a key consolidation support around $171.40 and could be in for further bearish correction. Within the overall bullish market, this correction could present an opportunity to buy-on-the-dip. In my case, I just entered a small position at $170, but would look to add more if price dips to $160. GWPH(click to enlarge)Price Top:- As we can see on the daily chart, there was a consolidation pattern developing since May. - During the Monday (6/17) session, price broke below the support at $171.40. - This signals a more significant consolidation before further upside, assuming the prevailing bullish trend is still in play.Support:- There could be support around $164.50. ;- But I thin key support will be in the $150-$153 area.- This area involves the 200-day simple moving average (SMA) as well as a previous support/resistance pivot.- A hold above this area will be a good signs that bulls are still in charge overall, and would give confidence for upside back toward the $190-$200 area in the next bullish cycle.