F 5/13/2023

13 May 2023

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

5 Haz 2023

Not

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.

14 Haz 2023

İşlem kapandı: durdurma seviyesi

Stoploss: 13.20 (-13.11%)

15 Haz 2023

İşlem aktif

Reentering trade

Entry: 14.40
Stop loss: 15.60, -8.33%
Target: 6.00, +58.33%, 7.0 RR ratio

26 Eki 2023

İşlem aktif

loving the gains!
note the 1st trade was lost but the analysis was right.