My previous analysis was based on the overbought condition which indicated exhaustion was close at hand. I believe in order for me to be a successful and long term trader it is important to be nimble.
Flag has broken to the upside and seems Ford has not finished the race but perhaps only finished a lap. Green arrow indicates either a target for profit or to look for an area of rejection with further analysis needed.
Flag has broken to the upside and seems Ford has not finished the race but perhaps only finished a lap. Green arrow indicates either a target for profit or to look for an area of rejection with further analysis needed.
Trade active:
I am looking for false breakout as we have divergence which can confirm original Bearish strategy. 18.40 puts in a lower low to consider a downside target.