First Merchants Corp $FRME is retreating after a bullish breakout. Perhaps this is a buy-on-the-dip candidate.FRME Daily Chart(click to enlarge)Pullback:- The prevailing trend is bullish and price just broke above a range resistance.- The daily chart shows a market in bullish continuation, but is retreating during the past couple of sessions.- If we believe that the overall trend remains bullish, we should anticipate support as price pulls back into the just-broken range.- We should anticipate support starting around $45. - I think if the market is truly in bullish continuation mode, price should not fall back below $43.- If price falls below $42.50, I think there is a chance for this to have been a FALSE bullish breakout, which would put pressure on the $40 handle. - Otherwise, if price holds above $43, we can anticipate upside to $50.