Bank shares have been recovering a bit in the past couple of weeks. Bank of America $BAC for example, found support at the start of July just under $28 per share, and has climbed back above $31 by the end of the month. This rally could be the start of another bullish wave, but I would like to see a dip before betting on bullish continuation.BAC Weekly Chart(click to enlarge)Bulls in Charge:- The weekly gives us a bullish picture. Price just bounced off the 50-week simple moving average (SMA), and the RSI remains above 40. - Furthermore, price has broken above a pennant, suggesting bullish continuation at east to retest the $33 area .- But with price pressing against a resistance around $31.30, I would not try to chase a bull run here.- Even with an aggressive outlook, I would look for a dip towards $29 so I can have a better reward to risk profile with a stop just below $28 and targets of $33, $36. This way, the reward to risk would be at least 2:1, so that we can still be in the black if scenarios like this only work out 50% of the time. Waiting for Another Dip:- A more conservative outlook would anticipate another dip towards the $26 area. - This would put price at a key support/resistance pivot area in $25-$26. The 100-week SMA also resides in this area.