The share price of Walgreens $WBA has been bearish since reaching a height of $97.30 in 2015. Since then, price has either been in a sideways consolidation or a bearish correction mode. It is currently in a bearish correction mode. In the short-term, it is simply in a bearish mode, and there is probably another 15%-20% downside before we should anticipate support.WBA Daily Chart(click to enlarge)Key Pivot:- Note the surge in 2013 to mid 2015 that brought price from around $30 to around $97.- The bull run did look like a primary wave based on the Elliot Wave perspective.- The key visual takeaway is that the bull runs have been sharp and the bear runs have been more choppy, though the current run looks very sharp.- Still, I would respect the 2013-2015 run.- I would anticipate support if price comes down to the $50 area.- The area around $50 represents a key support/resistance pivot. - By that time, the RSI is likely going to be way oversold. If there is a bullish divergence, we can have more confidence of a rebound towards $60, maybe even $64.