adambiers

Ford finally broke the corrective wave low! Time for the upside?

Long
adambiers Updated   
NYSE:F   FORD MTR CO DEL
F has been in a weekly corrective downtrend for the last 4 years. We finally broke the A wave low. Many analysts consider this a "strong sell". Now will crowd psychology think this price is a bargain and start buying? WIll the funds do the same thing?

Time will definitely tell! Personally I will be looking for any chance to go long, as long as there is a valid setup. There is a buy setup brewing on the 15 min chart.

Will this be the start to the upside, or do we have some more room to go down?

What do you think?

Thanks for looking, trade responsibly!
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Appears we're getting a buy setup. Maybe this ends up making a correction to make more pulses down, we will find out soon enough!
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