FORD MTR CO DELShort
F 5/13/2023
Updated
F
F me? No F you!
Daily chart analysis
The current Ford chart has a very familiar look to it. If you pull the BTCUSD and look at the period between Dec. 2017 – Nov. 2018, you will see the noticeable similarities.
You have a Parabolic move to higher prices, a crash back down, following by price forming a descending triangle with lower highs into support level.
The BTCUSD descending triangle broke down and price continued crash to lower prices. I am expecting the same to happen here.
Downtrend + Descending Triangle (Bearish pattern) = Short trade. This will be my cue to enter trade short.
Entry: 11.67
Stoploss: 13.20 (-13.11%)
Target: 6.00 (+48.59%)*, 3.71 RR Ratio
*Initial target is 6.00 but price could go as low as 4.75
F me? No F you!
Daily chart analysis
The current Ford chart has a very familiar look to it. If you pull the BTCUSD and look at the period between Dec. 2017 – Nov. 2018, you will see the noticeable similarities.
You have a Parabolic move to higher prices, a crash back down, following by price forming a descending triangle with lower highs into support level.
The BTCUSD descending triangle broke down and price continued crash to lower prices. I am expecting the same to happen here.
Downtrend + Descending Triangle (Bearish pattern) = Short trade. This will be my cue to enter trade short.
Entry: 11.67
Stoploss: 13.20 (-13.11%)
Target: 6.00 (+48.59%)*, 3.71 RR Ratio
*Initial target is 6.00 but price could go as low as 4.75
Note
Ford is #3 on Top 100 Parent Companies in Subsidy value. You will see what happens to this company now that Debt Ceiling bill has been signed by President.
Trade closed: stop reached
Stoploss: 13.20 (-13.11%)Trade active
Reentering tradeEntry: 14.40
Stop loss: 15.60, -8.33%
Target: 6.00, +58.33%, 7.0 RR ratio
Trade active
loving the gains!note the 1st trade was lost but the analysis was right.
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