Guggenheim Solar ETF (TAN) has been consolidating for a while. Before the consolidation TAN was bearish. But now, it looks like it is building a price bottom and might turn bullish in 2017. Guggenheim Solar ETF (TAN) Daily Chart(click to enlarge)Price Bottom?- After being bearish throughout 2016, TAN has flattened. But is this just a period of consolidation, or is the market building a price bottom here. - I have been looking for TAN to complete the price bottom, but it has remained choppy.- Now, there is a chance to really show a price bottom if price can clear above the support/resistance pivot around 19.- A clear break above 19.00 or 19.25 will open up 22.00.- The most aggressive bullish outlook should be in the 25.50, a critical support/resistance pivot area. Bullish Signs:- Even before the breakout, we see a slight bullish bias in term of momentum.- The RSI has tagged above 70 in February, and has since held above 30. Holding above 40 would have been a better indication of bullish momentum. But here, we are seeing some bullish momentum accompanied by weak bearish moment, which suggests bulls are indeed taking over.