Browse Symbol Stacks: F: Ford_DailyUpdate_May202015.jpg

Ford_DailyUpdate_May202015.jpg

Updating my post on Ford from May first -http://slopeofhope.com/socialtrade/dynamic/file/full/18355 

The bearish scenario is playing out. 

Now we also have two daily candle closes beneath support trendline from October 2014 low, and TK said he got short. So bear power!

Comments

MorriseMorrise
I'm short the GM with a similar chart....not quite as good looking as your F 5/20/15
moneymiser21moneymiser21
Thanks for the heads up on GM. I was debating GM short, but it was not as clear to me at beginning of the month when I did my analysis. I will go and re-check. 5/20/15
moneymiser21moneymiser21
I see GM hit its 1.272 fib projection of the down move off the high of the year so far. AB=CD target of 34.10 on that move, which would likely hit uptrend line off Oct. 15, 2014 low. 5/20/15
moneymiser21moneymiser21
Also, GM is testing that 61.8% pb of the move from low of year to high of year (34.89) 5/20/15
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