On the chart of Ford, we can see a forming double bottom pattern on a daily timeframe.
A double bottom pattern may suggest a bullish reversal. When the price reaches and breaks out of the neckline a long position can be taken. But first we have to be patience and wait for the price to reach and test the neckline.
All further details are shown on the chart.
Goodluck!
A double bottom pattern may suggest a bullish reversal. When the price reaches and breaks out of the neckline a long position can be taken. But first we have to be patience and wait for the price to reach and test the neckline.
All further details are shown on the chart.
Goodluck!
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