ANF Falling channel breakout Abercrombie & Fitch Co. Class ABATS:ANFErictaylorEntered ANF at $88.50 based on a developing reversal structure and a reclaim of key levels. Right now the focus is on price behavior around $90.30, which is a critical level that previously acted as support before the March 5 breakdown. Since that breakdown, price has struggled to hold above this area, so this is the first real attempt at reclaiming it. At this stage I’m not chasing price. I’m watching for confirmation through structure, specifically: •Holding and building above $90.30 •Forming higher lows on lower timeframes •Showing acceptance above the level instead of quick rejection If ANF can continue to hold this level, the next key test is $92 resistance, which has rejected price multiple times. The trade strengthens if: •Price breaks and holds above $92 •Consolidates above that level rather than immediately failing A clean break and hold above $92 would signal a reclaim of the previous range between $90–$99 from before the March 5 breakdown. From there, I’m looking for: •Initial push toward $95 •Potential continuation into the $98–$99 area This is not a chase trade, but a structured reclaim setup where I let price action confirm the move. Invalidation would be: •Losing $90.30 with acceptance below •Failure to maintain higher lows Until then, the plan is to stay patient and let the structure play out.