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Ford has been forming this bearish flag since August of last year. When this flag breaks, that would take Ford down to a trendline that goes back almost 20 years, that connects through the 2008 lows as well as the covid lows. I expect this area to likely contain the lows for Ford for the current bear market.
Ford has been forming this bearish flag since August of last year. When this flag breaks, that would take Ford down to a trendline that goes back almost 20 years, that connects through the 2008 lows as well as the covid lows. I expect this area to likely contain the lows for Ford for the current bear market.
Trade active
Ford continues to trade inside this bearish flag which could continue for a few months, but I am still watching for it to break down below the channel. This is not guaranteed though, it could break out above but given my bearishness on the markets overall, I think a break down below the channel is the much more likely outcome.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.