Abercrombie & Fitch &ANF fared well in the second half of 2017, rebounding from a low around $8.80 per share to crack the $19 mark this week. However, as price closes in on $20, I think there will be some selling back towards the 14-15 area. ANF Weekly Chart(click to enlarge)Inverted H&S vs. Falling Resistance:- The weekly chart shows that price is now testing a falling resistance line that is coming down from the 55 high in 2013. - There was an inverted head and shoulders pattern in 2017 after, which price rallied. We should not look at this price bottom again as a signal of bullish reversal - that reversal swing already materialized.- Now, we should monitor whether price respects this 14-15 area as support, which is a key support/resistance pivot area, and where the price bottom neckline was.- Maybe we can allow some elbow space to 13, but a break below $12.50 would mean the market is not agreeing on a price bottom scenario.- Then, on the upside, we should probably cap the most aggressive outlook to 22.50, where the 200-week SMA resides at the moment.