In our exploration of the stock market, we don't limit our analysis to just short-term charts; we delve into the longer horizon as well.
Ford has particularly caught our attention. Our initial entry into Ford was at $10.30, a point which, upon reviewing the broader picture, appears to have been very close to the bottom—hopefully, the lowest point it will maintain. Any movement below this could potentially signal a fall towards the $4 mark, akin to the levels seen during the pandemic.
Assuming we've indeed hit the bottom, a conservative projection sees Ford climbing to at least $45 over a multi-year span. This bold assumption is reinforced by the structure observed on the 2-hour chart, showcasing a Wave (i), Wave 8ii), as well as Wave (iii)and Wave (iv). Our entry at Wave (iv) has proven strategic, with Ford's price appreciating by approximately 7.5% since then.
Believing in Ford's further potential, we plan to adjust our stop-loss just below the pivot point at Wave (iv), setting it at $10.79. We'll provide updates on our take profit targets as they are achieved, closely monitoring the stock for optimal exit points.
トレード稼働中
Given the recent activities with Ford, significant movements have occurred since our entry at $11.23, leading to a rapid ascent for our overarching Wave 1. Although we placed a limit order for a Wave 2, we've observed a scenario where Wave (b) reached 100%, concluding Wave (c) and potentially Wave 2 at approximately the same level. However, there's still a possibility that we haven't seen the completion of Wave 2, suggesting a prolonged correction phase might be underway.
The market dynamics suggest an upward movement resembling Waves (1) and (2), with the price approaching the local top at $13.07 for the fourth time. We anticipate breaking this level, which could lead to two potential scenarios: if the price stabilizes between 127.2% and 138% and then falls below the level of the presumed Wave (1), it's likely we may see a deeper drop for Wave 2. Conversely, surpassing 138% suggests a subordinate Wave (3) and the completion of wave 2 is more probable, with targets ranging from $14 to a maximum of $17.42, aligning with our minimum expectation for the overarching Wave 3 of at least $17.40.
In essence, we must remain patient, observe market developments, and be ready to assess and react to all possible scenarios as they emerge.
トレード稼働中
And the story continues with Ford. Apparently, we're opening higher today, up by 1.6%, after having surged by 2.8% yesterday. Thus, we have invalidated the possible secondary scenario and are on track to tackle the subordinate Wave (3), which should be between $14.18 and $17.42, although we're initially targeting around the $15.50 level. There's a trend line running through this which we absolutely need to break through, and if we manage to do so, we're hopeful for a relatively swift rise thereafter. We'll definitely continue to hold our position and plan to place new entries for Wave (4). So, stay tuned for updates. See you soon! 👍