Recently, we saw Under Armour (UA) push above a month-long consolidation roughly between 35.35 and 39.30. Under Armour breaks above consolidationUA 4H Chart 7/7(click to enlarge)Bulls retreat: The 4H chart shows that price pushed just above 40 before retreating. The inability to break that 200-period simple moving average shows that bulls were not in control yet.Bulls respect support: Now, during the 7/6 session, price found support at 39. This shows a market that respects the broken consolidation as support. This means bears are losing control. Bullish targets: If my hunch is right, and this confirmation is true, UA has upside towards 42.10-43.05, a support/resistance pivot area Failure: A break below 38 could be considered a failure to this bullish scenario. A false breakout to the upside could translate into a bearish continuation, or at least put pressure on the 35.35 area.