iRobot $IRBT has been consolidating after a strong run in since May. The share price essentially doubled by the end of August because the market started to trade it in a triangle. Last week, we saw iRobot (IRBT) Awaiting Breakout from Triangle. IRBT Daily Chart(click to enlarge)Bearish Correction:- This week, price broke below the triangle and is already testing the previous resistance pivot around $95 as support. A break below opens up downside to $88. - Note that around $88-$89 there was also a previous resistance pivot. After breaking above this area, price shot up, so we should indeed focus on this as a key level with possible support. - I would remain bullish on IRBT for the long-term, so I am looking at this dip as a correction against the primary trend.- In this scenario, there could be downside to $80 and I would still be comfortable seeing IRBT as a bullish play. - A break below $80 on the other hand would give me concern that the bullish outlook has failed and that IRBT has returned to a sideways or even a bearish mode.