Shares of Cisco (CSCO) has been consolidating since July and almost put in a price top. However, it looks like the market did not care for further bearish correction, and looks ready for a bullish continuation scenario.CSCO 4H Chart 8/24(click to enlarge)Bullish market:- First, we should acknowledge the previaling uptrend in 2016. - Price has been choppy in the past few months, but still maintained a bullish pattern (higher highs and higher lows.)Earnings prevented a price top:- Price action was "topping" as it broke below a common support around 30.37 last week. - However earnings came in better than expected. The EPS in Q4 was $0.63, which beat forecasts of $0.60. - The fact that price has since rallied back above the "central pivot" area of the price top - around 30.80 - suggests that CSCO is in a bullish continuation mode .CSCO Weekly Chart(click to enlarge)2008-highs:- A bullish continuation scenario essentially has CSCO back towards the 2008-highs around 33.50-34.- From the weekly chart, this bullish scenario is in-line with the previaling uptrend since CSCO bounced off the key support around 14.00 in 2011.