Technical analysis

Ford Wave Analysis – 6 January, 2023

Ford Wave Analysis – 6 January, 2023

• Ford reversed from powerful support level 10.90

• Likely to rise to resistance level 14.00

Ford under the bullish pressure after the price reversed up from the powerful support level 10.90 (which has been reversing the price from April of 2022).

The upward reversal from the support level 10.90 stopped the previous intermediate ABC correction (2) – starting the active impulse wave (3).

Ford can be expected to rise further toward the next resistance level 14.00 (which reversed the earlier correction B in December).

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