FD trade ideas
Head & Shoulders Pattern Forming on FLooking to see if this pattern completes. Initially looking for a short term pullback to the bottom of the shoulder / trendline.
I expect the trendline to hold, however I am prepared for the H&S to complete as well.
F Ford trading at bottom of its channelFord looks like a buy here trading at the bottom of its channel. Ford was a better performing in the past when the gov bailed out the autos. Ford continues to be a leader with its new business model of pre purchasing. Defund the police could cause privately run law enforcement to purchase vehicles also.
Ford is toast!This type of chart pattern should capitulate down to $1 or less. Looks like strong resistance at $8 and above, although it could take a good 6 months before this rolls over.
Elliott wave correction wave on Ford?I have recently been learning more about the elliot wave theory - would love to hear some criticism/critique on this ford prediction. Looks to be a a zigzag corrective wave to me (5-3-5) that is developing. (I left out some of the smaller numbers on the zigzag)
Thanks!
