FORD MTR CO DEL
Short

Ford - Short Term Bearish

162
1) Bearish divergence (white lines).
2) Falling wedge failed breakout (couldn't break above the .382 fib).
3) 9EMA crossing below the 21EMA (bearish indicator).

I think we'll fall to around 11.60-11.11.70. This is the 51EMA as well as the support we bounced off of on 3/25. If we bounce off this level, I'll go long. It'd be a nice double bottom.

I will not short Ford. I'm just waiting for a long entry, and the daily chart says that this is not the time.

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