Canopy Growth Corporation $CGC is in a triangle consolidation pattern. The overall trend has been bullish outside of a late 2018 correction. But since that correction, price has maintained overall bullish action.CGC Daily Chart(click to enlarge)Bullish Trend:- We can see that even though we had a sharp correction in late 2018, the low (around $25 per share) was still higher than the previous low from July (around $24.05).- Also, price is trading above the cluster of 200-, 100-, and 50-day simple moving averages (SMAs)- Furthermore, the RSI is holding above 40 after it pushed above 70, even 80. This reflects maintenance of this recent bullish momentum.Anticipating Breakout:- Let's now look at the triangle pattern, which reflects a market that is stabilizing around the middle of the triangle around the $45-$46 price range.- However, if price breaks below $43.80, we could be looking for a slide to $40, or lower towards that $35-$37 area. - I would limit the bearish outlook for now because of the prevailing bullish trend.- Subsequently, I would have a more aggressive bullish outlook. - A break above $48 could first open up the $52 high of the year, and then possibly the $59 high from last year. - Also, if price does manage to climb back up to the 2018-high, we should anticipate further upside, though we might first see some consolidation in the short-term.