Ford: possible correction targets Short

Ford Motor CompanyNYSE

Description

⋅ Jan 30, 2021 7:10 PM

It's been too fast too far as usual.
Impulse 5 waves have likely finished and it makes sense to use fibo-retracement to measure the correction targets.

Re-entering long positions may become reasonable somewhere between 8 and 9.

Comments

tammie1a98

⋅ Jan 31, 2021 11:44 AM

Dude I'm hoping for a little bounce off $10.50 support! Hoping!!!

ProTrading24ru

⋅ Jan 31, 2021 5:36 PM

@tammie1a98, why not? It's rarely a straight line. The structure of the correction can only by guessed.