Recently, I noted some bullish price action in Canadian Solar $CSIQ. Indeed, price broke above a falling resistance, and made a higher low and higher high. However, price action to start the week suggests CSIQ is likely still sideways, or even bearish now.$CSIQ Daily Chart(click to enlarge)ABC Correction:- Apparently, I was wrong about the bullish breakout.- Instead, price action was simply an ABC correction against a bearish trend that started when price retreated from $19.00 a share.- After completing an ABC correction, we saw price start to slide. It plunged during the 6/4 session.- At the moment, there is downside to $12, with the possibility of $10. - If we see any rebound, we should consider 2 key resistance levels: 1) $14.50-$15, and 2) $16-$16.50 area. -As long as price holds under $16.50, we should assess CSIQ as bearish.