Twitter $TWTR has been consolidating around $45 a share with a high just under $48 and a low just above $42. But I think it could be topping for now and setting up for a bearish correction.TWTR Daily Chart(click to enlarge)Bulls vs. Bears:- First of all let's be reminded that TWTR has been on a strong bull run after it has been consolidating between $25 and $14 for more than a year.- We are almost a year in on the most recent TWTR bull run. This doesn't mean it has to stop here, but price action suggests the market is indeed exhausted.- We can see that after consolidating in the wedge, last Friday's (7/6) price action was a bullish continuation breakout.- However, the Monday (7/9) session brought a bearish engulfing candle, which basically invalidated the previous bullish continuation breakout signal, and suggests more consolidation or bearish correction ahead.- So far, we are seeing support around $42. If price dips below $42, we should be ready for a bearish correction.The Weekly Chart:- The weekly chart shows a bearish divergence between price highs and the RSI highs. This suggests the market is slowing and could be an early sign that the market is going to pullback.- This week has already pared last Friday's gains, and if price can push below $42, we will see more evidence that bears are taking over in the short-term.- If there is a pullback, we should anticipate support around the $36-$37 area, which has been a support/resistance pivot area. TWTR Weekly Chart(click to enlarge)