Bank shares have been in consolidation and correction mode in 2018. JP Morgan $JPM is NOT impervious to this market sentiment for the banking sector. However, it does look resilient despite almost a 15% correction since the 2018 high (119 to 105). JPM Daily Chart(click to enlarge)Key Neckline:- The daily chart shows that price is being anchored above a common support around 104. - However, it does also look like a price top forming above this support - so we call it a neckline. - We can also observe a rising trendline that is still intact as well as the 200-day simple moving average (SMA), which remains under the price.- These are signs that bulls are still in control of this market even though the momentum has been lost. - In fact, the RSI reflects some bearish momentum. - I believe the neckline is key, and If price falls below $103, we are likely going to see further bearish correction.- On the other hand, price is currently above $103-$104. If price follows through with a break above $115, we might see a bullish continuation unfold.Reward to Risk Assessment (example):- Let's say you respect the prevailing uptrend and thus assess JPM as bullish-neutral. - However you hedge that assessment, with anticipation that the market COULD turn from the 2017 bullish trend to a bearish one. - With this mindset, you would probably consider a buy around $105, but with a target limited $114. However, if price falls to $102, you would be proved wrong. - So, the target is $9.00 away, while the stop is $3.00 away. This gives you a 3:1 reward to risk. Add some execution risk, and you might want to look at this as a 2:1 reward to risk type of trade. - The thing is, there is a potential to break higher, in which case you can consider exiting only 1/2 the position around $114. A break above $115 might bring price to $120, so we can be confident that the 2:1 reward to risk is actually a conservative one (instead of being over-optimistic).