The share price of Gamestop (GME) stocks has been consolidating since November 2016. We noted that GME is either building a price bottom, or simply consolidating before continuing the prevailing downtrend. Now, it looks more and more likely that this is just a consolidation.Gamestop (GME) Daily Chart(click to enlarge)Bearish Clues:- First of all, because the prevailing trend is bearish, we should have a bearish bias. - The failure to reach back to at least 26 in May suggests that bears are still in charge and also that the market will be shifting back to the bearish mode. - Also, the fact that price held under the 200-day simple moving average (SMA) also suggests that bears are in charge.Don't Rely on Support:- The failure to push to 26 could be a bearish signal, but it could also mean volatility is tightening up.- If price reaches the support just above 20.00 however, it would be much less likely that volatility is tightening up. - Therefore, if price CAN reach 20.00, it is more likely that the market has shifted back to the downtrend. - In this bearish scenario, we should anticipate a break below 20.00, which opens up a common support around 18.00, and also the 2012 low just above 15.00Gamestop (GME) Weekly Chart(click to enlarge)