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Gap (GPS) In a Critical Bearish Breakout

We recently saw Gap (GPS) trading at a critical support. However, price action suggested that we should not rely on this support, and we anticipated a further bearish price action.

Gap (GPS) Daily Chart

(click to enlarge)

Breakout; Downside; Resistance:
- First of all, the daily chart shows the bearish breakout as price pushes below the critical support around 21.60. 
- This opens up the downside towards the 2016 low just above 17.00.
- At this point, if price pulls up, we should anticipate resistance in the 21.50-22.30 area, which represents the support area of the previous consolidation.