FXHighway
Long

Ford awaits to activate the positive signal

NYSE:F   FORD MTR CO DEL
124 0 0
Ford price last trading is confined inside a potential falling wedge pattern, which means that breaching this pattern’s resistance at 16.00 will activate the positive effect, that has the ability to push the price to resume the main bullish trend again, and stop the recently started bearish correction.

The price is getting good support from stochastic positivity, and the waited targets begin mainly near 19.00, but we need to be aware that it’s important to hold above 14.70 to keep the positive chances valid, as breaking below this level will put the price under negative pressure that will push it to target 11.50 areas mainly.
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