Bank shares continue to consolidate in 2018. Morgan Stanley $MS remains in consolidation mode with the prospect of more downside. MS Daily Chart(click to enlarge)Periods of Consolidation;- We can break down MS price action so far in 2018 into 2 periods of consolidation. - The first consolidation resulted in a rounded top.- Then after price fell below the price top, it consolidated in a triangle.- As price falls again from triangle resistance to support, we should anticipate a bearish breakout.Bearish Signs:- The fact that price respects the previous price top as resistance is the first clue that bears are still in charge.- Secondly, price has been respecting the moving average cluster as resistance. - Finally, the RSI has held under 60 and has been able to push to or below 30. This reflects maintenance of the bearish momentum since the price top.- The triangle support is therefore vulnerable. Even the low on the year just above $46 is vulnerable. But I think there will be support around the $44 pivot provided the overall market is not in a major correction, in which case we should anticipate downside to $40.