NYSE:F   FORD MTR CO DEL
196 5 3
Could be nearing a buy point. I prefer to wait for a pattern set-up.
Hey thanks for the post, would you also look to the Bat preceding the AB=CD for a higher probability set up??



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KLang Fxyogi
It's possible, but the AB=CD 1.272 usually associated with the BAT is far away from the .886 XA.
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What would you look for to execute at the 1.272 small candles hopefully indicating indecision?
If you see big candles, would you wait for the .886 XA??
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KLang Fxyogi
Personally, I'm not sure I would try this long until I see a pattern. Most plays, I prefer a bullish pattern, rather than buying support. VALE is one of the only things I buy at weakness, because strength doesn't last too long on that one.
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Sorry what is "VALE"?
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