October 22 Chart of the Day - Ford

Highly precise price action technical analysis offers the strongest trading edges and the most opportunities across the markets, making it the foundation of our reviews.

Ford Motor Company (F) reports earnings Thursday after the market close. Price continues to trade within a long-term consolidation structure that has frustrated both bulls and bears for years.

The question now is whether this range-bound behavior is building energy for a breakout or signaling continued stagnation.

We'll review the chart from a price action perspective to identify potential levels of interest in both directions.

The charts highlight key levels where investors and traders alike will be watching closely.

Consistent profitable investing and/or trading requires a structured, rules-based approach to price action analysis. Proven processes, disciplined risk-reward management, and precise execution create the foundation for long-term success.

When combined with powerful mental performance strategies, this method becomes the ultimate blueprint for thriving in any market, on any time frame. 

As requested, this analysis will take a price action technical analysis approach to assess key levels and potential next price moves for this chart.

Since May 2023, we've showcased over 625+ Charts of the Day and provide a Free Quick Start Guide to traders with ambitious income goals for our patent-pending NeuroTrading Method™.

Monthly Chart 

On the monthly chart, the long gray rectangle represents a Change Control Zone, one of the five core price action tools we teach when charting any market.

By definition, a Change Control Zone is an area where neither the bulls nor bears are in control.

Price can slice through the zone without hesitation, respect the top or bottom boundary, or drift sideways within it.

When price eventually breaks away from the zone, it often gets drawn back to it like a magnet.

In Ford’s case, this zone has defined the balance between supply and demand for over a decade.

The boundaries have acted as both resistance and support at critical points, and price once again is approaching that battleground.

With plenty of volatility traders have had much to be happy with while investors have been on a literal price roller coaster.

This kind of movement highlights why a cautious and well-informed approach is essential when evaluating a stock’s short to mid term outlook.

Weekly Chart

The weekly chart currently shows price holding above the $10.62 Fibonacci level, with short-term resistance visible near $13.48. 

Traders should watch how price reacts to earnings this week for potential clues about the next larger directional move.

It goes without saying though, the only guarantee in the markets is that price cycles.  It cycles up and it cycles down across all time frames and all charts and rarely, if ever, moves in a straight line.

Only time will tell for sure what price will do next...

We’ve combined Fibonacci levels with key support/resistance zones and trend analysis to pinpoint potential price levels of interest and future targets.

With precision-focused charts like these, both traders and investors can confidently build and execute their strategies.

So what's next? 

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