– Ford reversed from key support level 11.50
– Likely to rise to resistance level 12.40
Ford recently reversed up from the key support level 11.50 (which has been steadily reversing the price from the start of February) coinciding with the lower daily Bollinger Band.
The upward reversal from the support level 11.50 created the daily Hammer – which stopped the previous ABC correction (2).
Given the strength of the support level 11.50, Ford can be expected to rise further to the next resistance level 12.40, top of the previous impulse wave (1).
- GBPUSD reversed from support level 1.2495 - Likely to rise to resistance level 1.2625…
- EURUSD reversed from powerful support level 1.0350 - Likely to rise to resistance level…
- WTI broke daily Triangle - Likely to rise to resistance level 70.90 WTI crude…
- AUDUSD reversed from resistance level 0.6270 - Likely to fall to support level 0.6200…
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
This website uses cookies