Ford -Inverted H&S in play?
It is still to be seen if larger structure in Ford will play out:
At the same time on smaller timeframe,
F may be in process of forming inverted H&S.
Yesterday's gap down on credit downgrade was bought rather nicely, and while sentiment on company still remains negative, it may actually push the price much higher.
In H&S trade, I would be looking to cross 9.65 with target @ ~10.5 (previous local high)
At the same time on smaller timeframe,
F may be in process of forming inverted H&S.Yesterday's gap down on credit downgrade was bought rather nicely, and while sentiment on company still remains negative, it may actually push the price much higher.
In H&S trade, I would be looking to cross 9.65 with target @ ~10.5 (previous local high)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.