Ford Wave Analysis – 29 October 2026

Ford: ⬆️ Buy

– Ford reversed from strong support level 11.50

– Likely to rise to resistance level 12.75

Ford recently reversed up from the support zone between the strong support level 11.50 (which has been reversing the price from the end of March, stopping wave (0) at the end of March and wave B at the start of May) and the lower daily Bollinger Band.

The upward reversal from this support zone completed the ABC correction (B) from the end of May.

Given the strength of the support level 11.50 and the bullish divergence on the daily Stochastic oscillator, Ford can be expected to rise further toward the next resistance level 12.75 – which stopped wave iv earlier this month.