$F - Walking up the ChannelFord has been an awesome name to trade recently.
You can consistently enter a trade when we're at the bottom of the trade, and wait to catch a rip to the top.
Even on a volatile day like today, we were safely given an opportunity to enter the channel and ride it back up to the top.
I'll be looking to exit my position around 21.2!
FD trade ideas
Fakeout city on F 🦉Hello traders! today I will be going over what a fakeout breakout is and why Its important to wait for resistance to break AND hold if you are playing the breakout.
What is a fakeout breakout? this occurs when the price has a nice move past a strong resistance or support zone! but quickly goes back where it was before :(
On my ford chart I pointed out how it has had fakeout breakouts to both sides!
I hope you learned something/enjoyed this post! like and follow for more 💘
F ATH Break Weekly Options PlayDescription
F has chopped around in this congestion pattern, a Rectangle, for 31 days following it's ATH run-up after the break on 28OCT.
The Rectangle carries the same price implications as the Symmetrical Triangle, representing an equal balance between buyers and sellers, until one side eventually wins out and pushes the price beyond the upper or lower boundary indicating a shift in supply & demand.
This particular rectangle is confined in a very tight range, slightly broadening and displays descending volume throughout (good indication of proper congestion pattern).
Although the broadening is characteristic of the current market environment, this weakens the general technical strength of the pattern.
Using Long Calls to maintain a positive vega.
Long Call
Levels on Chart
SL < 20.5
PT : No price target set for the ATH , looking for a sharp move.
The entry is a daily close over 20.5 .
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
12/31 21C
R/R & Breakevens vary on fill.
Manage Risk
Only invest what you are willing to lose
Which pattern could be more effective?At the first glance, You may find both patterns correct and justify both!
But adding ATR to the chart may reveal the hidden truth!
ATR only measures volatility and not the direction of an asset's price.
Pattern 1: Broadening Formation or Megaphone
What Is a Broadening Formation?
A broadening formation is a price chart pattern identified by technical analysts. It is characterized by increasing price volatility and diagrammed as two diverging trend lines, one rising and one falling. It usually occurs after a significant rise, or fall, in the action of security prices. It is identified on a chart by a series of higher pivot highs and lower pivot lows.
Pattern 2: Corrction/consolidation
In this situation, we expect lower changes in ATR readings!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Reference Articles:
www.investopedia.com
www.investopedia.com
www.investopedia.com
Is Ford (F) going for another run for ATH?The Friday's candle broke the channel was a very bullish one with a high volume. The TTM Squeeze is also about to get out of the squeeze which will trigger another high. (I used the "real licensed" TTM Squeeze in another platform) Ford has a chance to run $27.
PS: I am not a financial advisor. This is only for education and entertainment purposes.
$F beginning to outperform peersF compared to the etf CARZ which represents the overall auto industry has broken with strength a long downward trend in the performance of F in comparison to the industry and it has done so with gusto. I believe this trend in Ford's outperformance will continue.
F-150 Lightning will be one of the number one selling EV's. Ford sold 780,000 F150's in 2020 alone despite the supply chain/chip issues and pandemic. It's going to be a monster of a profit puppy.
There also appears to be an emerging golden cross on the 1-month chart.
Ford to 23 and pullbackBroke out of a Range Friday on a catalyst news of order on the electric mustang. I think for will Rally up to fibonacci .382 which aligns with the trendline resistance . From there I think we'll pullback and my reasoning for that is that we are overbought on some major time frames.
On the monthly chart , were overbought on MFI and outside of our bollinger bands.
on the weekly chart same issue with the MFI and we're ridining the top of the Bbands.
If you look at the weekly and monthly chart you'll see that in 1999 23.50 was strong support. That support has become strong resistance... If and when Ford breaks over that area there will be I'd look for a new entry
Ford Breaking Out of Consolidation? Fib Levels Explained!F
Fords most recent 1 month consolidation as seen below:
In this video I review the fib levels that were respected throughout the trading day on Friday Dec 10th, 2021. Ford has now attempted a breakout of consolidation and has witnessed an increase in trading volume and bullish call volume. I would like to focus on the TA portion of Fridays bull run, specifically the fib levels and noting that the .618, .382, and .286 were mostly used upon retracement.
FORD Megaphone pattern!The price may reflect the random disagreement between investors
Megaphone patterns show higher volatility is coming!
A broadening formation is a price chart pattern identified by technical analysts. It is characterized by increasing price volatility and diagrammed as two diverging trend lines, one rising and one falling. It usually occurs after a significant rise, or fall, in the action of security prices. It is identified on a chart by a series of higher pivot highs and lower pivot lows.
Broadening formations are generally bearish for most long-term investors and trend traders since they are characterized by rising volatility without a clear move in a single direction. However, they are good news for swing traders and day traders, who attempt to profit from volatility rather than relying on directional movements in a market. These traders rely on technical analysis techniques, such as trendlines or technical indicators, to quickly enter and exit trades that capitalize on short-term movements. The trendlines help them anticipate turning points where they are able to profit from trading decisions if they time the trade successfully or to cut their losses short if the price moves against their position.
Keep it on your watchlist for Options day trading!
ou can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
F! Swing trade F is looking great. Breaking consolidation. We can see ATH and a great move ahead.
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F TECHNICAL ANALYSIS bullish flag pattern on the daily chart.
i got caught in a bad play earlier in the week due to being impatient.
when it breaks, it can run up to the 23.50 level.
if it breaks the flag pattern towards the downside it can run down to fill the previous gap.
gap level
-15.75 - 16.50
feel free to give feedback and/or advice on anything.
Ford continues to sit in ConsolidationNYSE:F Ford continues to sit in Consolidation and is working itself into 2 different patterns: A Falling Wedge and a Bull Flag (Parallel Channel). Volume has been decreasing this week, but the options chain is heating up on Ford. Ford has been on the Hot Chains list on Unusual Whales this week, and continues to be a hot buy. Bullish on Ford (Still)
Ford Consolidating. Ford has been the most successful trade for me as of late. The daily chart on Ford looks great and i remain bullish on Ford for the long term as the company has made it clear of their intentions to change the business model to Electric. This new COO has really changed things for the company and with the push to make America more electric Ford will definitely give tesla a run for there money. Daily chart looks very bullish as it is clear that Ford is consolidating, and with recent news that Bill Ford purchased about 2 million shares at current prices i remain bullish and give Ford a 50-dollar price target for the long run.
Where is Ford heading? It’s consolidating between $19 and 20.50 for awhile. It’s indecisive right now but going long looks more likely with the 50 and 100 trend continuing on a bullish track. Lots of support below. RSI current 59 with 50 also a support. Momentum is good. Risk even if it drops it won’t be much. So look for the breakout above $20.50 with high volume. Breakdown will happen if it goes below $18.50.
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🔋updated Ford analysis🔋Ford broke its 20 year resistance zone and is currently sitting right above it in consolidation mode.
monthly chart below for a bigger and more clear picture:
Once this consolidation is over and we break 21 local resistance zone I expect Ford to see a few weeks of upside/continuation.
Remember... after long consolidation we see big breakouts in either direction.
Price targets are 21.27-22.6-23.92. Goodluck! like and follow for more 💘