F Triangle Pattern FormingFord consolidating into a symmetrical triangle. Looks really good for a possible pop. Could break up or down. Look for volume to confirm trend.
F trade ideas
$F potential options playTesting the extent of my fibbonacci understanding, we'll see what happens with ford. If i don't like how the position looks in relation to the cross, I'll stop considering it until I see a wave 4-5 later
F Daily Chart Symmetrical Triangle and Potential Golden CrossDaily chart consolidating in price. If trend continues we could see a golden cross forming in a few days which could indicate a bullish trend. These trend lines were drawn last night (9/13) and today's trading (9/14) happened to peak at the top trend.
Which gap does Ford want to fill first?ABCD patter in a descent?
Rebound int a consolidation and step up into a descending channel?
Exiting bullish?
Will it fill the gap above or below?
Let's find out!
Head & Shoulders Pattern Forming on FLooking to see if this pattern completes. Initially looking for a short term pullback to the bottom of the shoulder / trendline.
I expect the trendline to hold, however I am prepared for the H&S to complete as well.
F Ford trading at bottom of its channelFord looks like a buy here trading at the bottom of its channel. Ford was a better performing in the past when the gov bailed out the autos. Ford continues to be a leader with its new business model of pre purchasing. Defund the police could cause privately run law enforcement to purchase vehicles also.
Ford is toast!This type of chart pattern should capitulate down to $1 or less. Looks like strong resistance at $8 and above, although it could take a good 6 months before this rolls over.
Elliott wave correction wave on Ford?I have recently been learning more about the elliot wave theory - would love to hear some criticism/critique on this ford prediction. Looks to be a a zigzag corrective wave to me (5-3-5) that is developing. (I left out some of the smaller numbers on the zigzag)
Thanks!
OPENING: FORD DECEMBER/AUGUST 4/7 LONG CALL DIAGONAL... for a 2.55/contract debit.
Metrics:
Max Loss on Fill: $255
Max Profit on Fill/ROC% at Max: $45 (17.6% at Max)
Break Even: 6.55
Debit Paid to Spread Width Ratio: 85%
Delta/Theta: 47.07/.53
Notes: A small, bullish assumption trade in Ford in one of my favorite synthetic covered call setups. The debit paid to spread width ratio isn't what I generally like to see out of these, with 75% or less being ideal, but part of that has to do with the shorter duration of the front month (31 days 'til expiry) than I would ordinarily go, so I'm fine with that. As with a covered call, look to roll out the call side on approaching worthless with max being realized on a finish above your short call strike. The take profit is subjective, but I usually like to start out with a take profit at max (here, 3.00 -- the width of the diagonal) and then reduce that target with credits received on roll of the short call (e.g., if you receive a .25 credit on roll, reduce your take profit to 2.75).
