Fitbit $FIT has been in a consolidation market throughout 2017. Before that it was bearish. The structure of this consolidation looks like a rounded bottom and suggests we might see some recovery heading into 2018. Fitbit 4H Chart(click to enlarge)3-part consolidation:- If we break 2017 price action into 3 parts, we start on the left where price fell to start the year but started to consolidate.- Then in May there was a failed bullish breakout attempt, which resulted in another low on the year. But after this push, price consolidated.- The 3rd stage is a bull run that started in August, which might be fizzling out a bit. But by this time, price is starting to look bullish. What's Next?- I think if price an hold above 6.00, FIT is indeed going to be bullish going into 2018. - There is upside towards 10.00 a resistance pivot in Nov. 2016, as well as 11.80, which was a previous common support that might turn into resistance .FIT Daily Chart(click to enlarge)