TD Ameritrade $AMTD came down to a low on the year around $42.15 in late August before rebounding in early September. However, we should consider strong resistance in the $47-$48 area especially after the market made lower lows on the year in August.AMTD Daily Chart(click to enlarge)Bearish Breakout and Pullback:- As we can see on the daily chart, the market had been in a bearish-sideways market in 2019. - For the most part it would able to hold above $47-$48 area as support.- After, it was unable to buck the 2018 bearish trend and the support area around $47 eventually broke down in August.- The break in August is thus a sign of bearish continuation.- The current pullback is thus a test of this bearish scenario.- If price does indeed find resistance in the $47-$48 area, it would be a very apparent bearish scenario.- Furthermore, if the RSI on the daily chart stays below 60, it would reflect maintenance of the bearish momentum since late March. Entering Previous Range:- On the weekly chart, we can see that price entered a first-half 2017 price range.- I would not be surprised if price starts to consolidate in this range between roughly $36.50 and $48.50. - Within this context, I would expect further downside in the short to medium-term towards the $36.50-$37 area. - Maybe we will see support around $40 instead of down to $36.50-$37.- We mentioned $47-$48 area as resistance in the bearish scenario. But if the market overreacts to the current rebound and thus amplifies it, a push to $50 is possible within this consolidation/bearish correction scenario. I would expect $50 to be the most aggressive bullish target within this scenario.AMTD Weekly Chart(click to enlarge)