Ford: ⬇️ Sell
– Ford broke key support level 12.60
– Likely to fall to support level 11.50
Ford recently broke below the key support level 12.6, which has been reversing the price from May and which is located inside the daily down channel from August.
The breakout of this support level accelerated the active impulse wave (iii) of the downward wave C from the end of July.
Given the clear daily downtrend, Ford can be expected to fall further toward the next support level 11.50 – target price for the completion of the intermediate corrective wave (2) and former strogn support from April.