Ford - why is the Bear wearing horns?

Dec 12, 2021

My previous analysis was based on the overbought condition which indicated exhaustion was close at hand. I believe in order for me to be a successful and long term trader it is important to be nimble.

Flag has broken to the upside and seems Ford has not finished the race but perhaps only finished a lap. Green arrow indicates either a target for profit or to look for an area of rejection with further analysis needed.

Dec 19, 2021

Trade active

I am looking for false breakout as we have divergence which can confirm original Bearish strategy. 18.40 puts in a lower low to consider a downside target.