Fordlong
Built Ford Tough. (F)Today I would like to cover Ford motor company.
Support and Resistance is represented in green and red levels.
We have had a nice rebound off an upward support level that has fired green consistently.
We want to use 5.70 as a key Resistance level to play as an edge for a long or a short.
If we failed to breach up here we could see an at least 10% correction off Resistance for another shot at support.
We have higher lows in an ascending wedge formation. (Bullish Pattern)
*Patterns can switch up and not always mean a guaranteed bull or bear move.
The main purpose of the pattern is to help us identify the key breakout areas.
I will play 5.70 with aggression on a 1% -2% flips long and shorts on this edge.
Beautiful clean chart setup.
FORD MTR CO ( F) Monthly, Weekly & DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
Ford 15% up easily if they get some government supportFord seems has passed the 1st wave of shock and things are getting stable. It Can easily go to $5- $5.10 if there be some supporting news from CEO or government. And since it is a mother industry, its more likely that government will help them to make less job loses. tomorrow morning if the market be stable I will buy and then sell it same day at noon or tomorrow Friday.