Hi-Crush Partners $HCLP Might be gearing up for a bearish continuation breakout. It has been bearish in 2017, falling from a high just above 23 in February to a low around 7.30 in September. Then, it started to consolidate in a rising channel/wedge.HCLP Daily Chart(click to enlarge)Resistance, Support:- Note that price failed to push above the 200-day simple moving average, which acted as resistance. Price retreated sharply from this resistance, showing weakness of the bulls.- The daily chart shows that the price action was bullish in August and September but became choppier afterwards, though it did make higher highs and higher lows. - Now, price is testing the rising wedge support.- We should give it some elbow space and a chance for the market to buy here around 9.70.- If price breaks lower, we should consider the bearish continuation scenario.- The bearish scenario gains traction if the RSI breaks below 40, which would show killing off of the prevailing bullish momentum since September. - Also, evidence of resistance at 10.00 with ability to break below 9.00, should add weight to this bearish outlook, which will have the 7.30-7.50 lows in sight, with the all-time-lows around 4.00 also in sight, if subsequent bullish attempts are rejected.