Ford Trading Analysis (10/05/2024)

The trend is ascending. The descending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The support level at 11.94 curbs the buyers.

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward wave structure.

Stop-Loss under the local minimum of the descending structure at 11.94.

Target price levels at 13.00 and 13.57.

#ford #stock #tradersroom #daytradingpatterns #forexexpertadvisor