Chart pattern: Bull Flag
Entry: 15.50$
Stop: 14.76$
Target: ~20$
Risk/Reward-Ratio: ~ 7:1
Stopmanagement: ATR Stops 4 hour chart default settings
Description: After an impulsive move the chart of Ford has formed a bull flag and is now at a support level. The end of the correction at 15.50$ will be used as entry and the 14.76 level as stop. The long scenario is also supported by the fact that the volume decreased during the correction. The ATR Stop 4 hour chart can act as a guide for the stop-management.
Entry: 15.50$
Stop: 14.76$
Target: ~20$
Risk/Reward-Ratio: ~ 7:1
Stopmanagement: ATR Stops 4 hour chart default settings
Description: After an impulsive move the chart of Ford has formed a bull flag and is now at a support level. The end of the correction at 15.50$ will be used as entry and the 14.76 level as stop. The long scenario is also supported by the fact that the volume decreased during the correction. The ATR Stop 4 hour chart can act as a guide for the stop-management.