Ford is Breaking Out!

Ford is breaking out! I bought some $13 Calls a week or two ago for .07 a contract and am currently up over 600%.

On this weekly chart you can see the breakout from a long bear trend. I am experimenting with the harmonics so let me know where I messed up, but I'm think I'm pretty close and that this is a valid projection. My target for Ford is $21.90 by August 2024 lol.

On the 4hr you can see the gap that I think will fill as we back test support. If this happens I will look to add to my current position and open some new positions with a longer expiry.

I am LONG Ford! Owhoooo!

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I adjusted the green fib levels to be more precise. Target is $21.73 by 2024.

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Trying to fill the gap!

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It missed by 2 pennies lol.

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Looks like a falling wedge on the 4hr.

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Owhooooo!

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I think we are on track and will see the trend continue to the upside as it looks like a confirmed breakout of a falling wedge after consolidation.
A back test around the green support box would be perfectly normal to me.
The measured move (yellow dottted line) tells me a good estimate of the time frame and price target. I think this is part of a larger, multi-year uptrend for Ford that has just begun!

Owhooooo!

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Ford is right on schedule! Owhooooo!

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On this daily chart it looks like Ford is breaking out of a bullish pennant! Owhoooo! The target is north of $17.

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My target is $17.01 for this breakout! Owhooooo!

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I wanted to revisit this chart that I published about a year ago. I have been long this whole time. I am now short Ford for the time being!

Owhooooo!

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