Metlife Inc. $MET has been in a bullish reversal attempt in 2019 since making a low at $38 at the end of 2018. After coming up to $48 and testing the $48-$49 resistance, the market said not just yet.MET Daily Chart(click to enlarge)Higher Highs and Lows:- As we can see on the daily chart, price was bearish entering 2018. - Then there was many months of sideways action before price broke down again in latter part of the year.- In 2019 however, price has been making higher highs and higher lows.- After a few months of consolidation under $46.40, price broke above this resistance in May.Failed Breakout:- However, this week's attempt to break above the next resistance in the $48-$49 area failed.- On the daily chart, we can see that price actually pushed above $50 during the Tuesday (May 21st) trading session. However, it immediately retreated back below resistance at $49.- As we wind down the week, price might be heading towards the $46.40 support/resistance pivot.Vulnerable Pivot:- We might attribute this failure to break higher to the general risk aversion that is caused by the current US-China trade war,m and this risk aversion could be significant. - The failed breakout thus makes the $46.40 support vulnerable.- I am anticipating further downside to $44. My Trade Plan:- In May, I entered a position in MET at $46.50, right above that support/resistance pivot.- If price falls further, I have dry powder waiting at $44. - In case the market remains sideways, I am splitting my allocation for MET between $44 and $39. - A break below $38 would prompt me to close out and reconsider this bullish outlook.- My target is in the $58-$60 area. MET Weekly Chart(click to enlarge)