We saw Cisco Systems $CSCO in a bullish breakout back in August, and correctly called for a bullish continuation swing. Cisco (CSCO) in Bullish Continuation BreakoutAfter that breakout, price continued higher to almost $49.50 before retreating. With the overall market sliding in the past couple of weeks, CSCO's share price also retreated sharply.CSCO Daily Chart(click to enlarge)Pullback to Key Support Area:- On the daily chart, we can see that price extended into new highs on the year following the channel/wedge breakout in August. - Note that the break above $46.55 essentially broke above a sideways market since March 2018. - If we look at the range of price between 40.20 and 46.55, we would say that the central pivot is around $43. And indeed we have see price "pivot" from $43 several times. - More importantly, if price can stay on one side of $43, it would indicate bias towards that side. For example, after the breakout in August, we saw price test $43 and bounce up immediately, followed by a strong extension of the bullish breakout.- Taking cues form this years price action, I would say that a hold above $43 still keeps CSCO in a bullish mode in Q4 of 2018. - So far, price has respected $43, and even $44 along with the 200-day simple moving average (SMA). - It is probably too early to call for a bullish continuation, but if we continue to hold above $43-$44, the market will likely regain confidence for the prevailing uptrend to continue towards at least the $50 mark.