Abercrombie & Fitch $ANF has been on a sharp slide since May, wiping out all the gains it made in the past 6 months. ANF Daily Chart(click to enlarge)Bearish Swing- After building what appears to be a rounded price bottom in late 2018 and early 2019, price rallied and even broke above the 2018 high around $29. - However, the breakout did not extend much past $30 before the ensuing sharply bearish swing. - As noted, price plunged quickly and wiped out all those gains since late 2018, breaking down the aforementioned rounded-bottom.- It went from above the 2018-high to below the 2018-low. - On the weekly chart, we can see that this $15-$16 area is a support/resistance pivot area. - So far, we are seeing some support here. But I doubt there is much upside from here outside of the short-term.Anticipating Consolidation with More Bearish Outlook:- Perhaps, an optimistic outlook would be a choppy consolidation rally back towards $20.- This is where the 200-week simple moving average (SMA) resides (refer to the weekly chart below.)- But I think eventually price will break below $15, and open up the $9.00-$10 low from 2017 as well as 2000.- Based on price action of the past few years, consolidation and bullish swings will be choppy, but the bearish swing will be sharp. - This is a name where price will be closing in on its historic lows when it comes down to $10, but I don't see much upside from there neither outside of the short-term.ANF Weekly Chart(click to enlarge)