This a fairly long video on Ford Motor CompanyNYSE:F and the overall macro trends I see in its market. I am long on Ford and this is my bullish case-video and DD. I hope you enjoy! NYSE:F. This is also my first voice over video, so please be kind and let me know if there is ANYTHING you disagree with on the charting aspect of the video or otherwise.
1. Weekly Candles to find levels of support and resistance - keeping it simple
Could Ford be on the verge of a breakout? How is Ford fitting itself into the EV future? What does the big money say about Ford?
After careful study of Ford NYSE:F I have come to a bullish conclusion that this stock is getting very close to all time highs. There are 3 major overall macro BULLISH patterns at play that I have highlighted in my video.
We are possibly about to enter into a breakout zone with NYSE:F as a Broadening Wedge breakout is forming right now. This Broadening Wedge breakout could propel Ford out of its Ascending Channel, which itself was used to thrust Ford out of its Falling Wedge. This is my mind is BULLISH. Please watch the video for more details on my case of Ford reaching new ATH and when that could potentially happen. Any feedback is greatly welcomed!
I have probably more of a novice question regarding looking at charts over a long period of time such as this case of 20 + years. When taking into to account inflation, doesn't this create a skewed or a false narrative of possible ascending and descending channels/wedges?
Really nice informative video BTW, my hats off to ya.
OccamsPhazer
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@dschwags, I would say inflation is a part of it, like any market, but if true then its true for every TA channel you could find. In that, it would remain irrelevant in my mind.