American Express $AXP has been in consolidation since hitting $102.35 per share in January 2018. On the daily chart we can see that price came all the way down to about $87.75 a share in February, then bounced back up only to respect that previous $102.35 resistance.AXP Daily Chart(click to enlarge)Range:- There could be different interpretations here triangle vs. range.- But the prevailing trend is undeniably bullish in 2017 until hitting $102.35 in 2018. - The overall trend has shifted into to the sideways direction. - If that is true, and AXP is essentially ranging, we should probably wait for price to come down a little bit more, like around $87.75-$88, which would be the support for a sideways range. Triangle:- Now, if price is going to hold above $90, I wouldn't be surprised neither given that the prevailing trend is bullish. This would be the triangle scenario, where consolidation is becoming less volatile and more tentative. - A hold above $90 with a break above $96 should indicate a bullish continuation to $102.35 and beyond. This would be a triangle breakout.- On the other hand, a break below $87.70 opens up $84 first, with the $78 area in sight (middle of a previous consolidation range). For now, we should probably limit any bearish outlook to $78.