Last week, we saw Wendy's (WEN) break below a consolidation range, opening up another leg of bearish correction.WEN Daily Chart (click to enlarge) Staying Bullish:- We can see that price has stalled a prevailing uptrend since hitting 16.50 in May. - WEN has retreated since then, but the bearish action has been quite subtle or tentative - there weren't much of a swing downwards. Instead it was choppy and messy going down. - Price bounced off a previous resistance pivot around 14.50. This is a sign that bulls are still in charge.- Also, price is still above the 200-day simple moving average (SMA), another bullish clue.- Finally, the RSI has held above 40, which reflects maintenance of the prevailing bullihs momentum.