This is a bearish chart. Perfect 382 confluence with overhead resistance. Nice 4 target.
Looks like a flat to me. Stopped at the 50% exactly. If this is correct, the next big target is 9.79. I've been short with a stop of 11.87. But 11.89 looks good to me, for now. A break of 11.89 would mean reevaluation.
Ford went right for my target, rather than playing out the wedge I had expected. Now it has printed a Dragonfly on the 1D, and I expect it to reverse. It narrowly missed the 75 and nudged past the 1.618 on log scale (not linear), hitting the wave 3 target I had expected in a previous idea (but I had expected this to take longer, and to form a wedge; but no...