FORD Motors Bearish Patterns

• Ford daily chart has a slopping head and shoulders pattern. Price is testing the neck line of the pattern. 
• Weekly chart shows price making a convincing close below 50 Week SMA. Next target on the downside could be the 38.2% Fib level.
• Daily chart confirms the death cross which was discussed in an earlier post
• Crucial thing here is not to go short at the current levels. Since the stock has fallen much and has confirmed bearish patterns, It will be safe to go short during up moves. Look for weakness after an up move to go short.
• APPLE EVENING STAR CANDLESTICK PATTERN

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