The CSL pattern, page-695

unfortunately my fear is that support of $225-$230 will be broken.
Once that happens then market fear around CSL will really settle in, and this will be the time to start focusing on CSL. Its quite possible that CSL will drop to its 2019 lower support level in the high $100's.

Remember CSL is a quality business. Because its a quality business, and historically the upwards trend has been everyone holders friend, CSL is very widely held, both by long term private shareholders, and by nearly all quality fund managers. So when 'everyone' holds the stock already, then the quantum for new buyers is by definition less.

If one looks at the recent price action (and this is confirmed by the numerous buy the dips comments in hotcopper), there was significant buying support around the $280, $270, $260, $250 pricing bands (this is a 'once in a lifetime opportunity to top up).
All these pricing bands have been pushed downwards. Those 'once in a lifetime opportunity to top up' buyers are now beginning to sweat.
And the despair hasn't even set in yet.

CSL closed down again on its low, even though the market as a whole trended up.
US10 year bond yields look like trending up again tonight, high PE US stocks being rotated out of.

Again now is not the time to buy CSL. Have patience.