Last week, we saw Morgan Stanley $MS complete a triangle pattern and threatening to break below the triangle:Morgan Stanley (MS) About to break Below Triangle ConsolidationThis week, the breakout materialized:MS Daily Chart(click to enlarge)Downside:- As we mentioned last week, this breakout continues a bearish correction that started in March. - We basically had a price top, then a triangle, and now we are entering another phase in this correction.- There is downside to $44 and $40, the next key support pivots. - When we look at the weekly chart, we can see that if price approaches $40, it will be approach the 200-week simple moving average as well. This $40-$41.15 area appears to be a critical level, where we can expect some strong support, especially, if the RSI shows some bullish divergence and is around 30. - Furthermore, resistance at $48 would further confirm the bearish scenario. MS Weekly Chart(click to enlarge)