Wendy's (WEN) has been trading sideways for the past couple of years as we can see in the weekly chart below.WEN weekly chart 10/26(click to enlarge)Triangle consolidation:- We can see that after the bullish swing in late 2014, WEN has been consolidating in a triangle.- Before the consolidation, it has been bullish since late 2012. - We can say that the overall long-term trend is bullish-neutral.Resistance:- In the short to medium-term however, we are seeing the market retreat from triangle resistance, which suggests that the mode is neutral but the outlook in the short-term might be bearish.- If price does retreat into next week, we should look for support in a couple of places. - First, the area around 10.00 is critical. It is a support/resistance pivot area, and the "central pivot" of the triangle.- Basically, if price can hold above 10.00, we should expect a subsequent bullish breakout from the triangle.- If it breaks below 10.00, we should simply look for triangle's support around 9.50 to hold.Triangle support:- If price falls below 9.50, WEN might be in trouble because it would be a break below the triangle support.- This opens up 8.45, 2015-low, with the 7.60, 2014-low, as a more aggressive bearish target. WEN 4H Chart 10/26(click to enlarge)Topping:- The 4H chart shows an uptrend since July that is still in play. - However, there are some short-term evidence of a price top. - If there is another bullish attempt, we should expect some resistance under or at 11.00.- If price indeed fails to break this week's highs around 11.15, we can gain more confidence towards the bearish scenario within the context of the triangle.