Ford has slipped into a “NoGo” trend after battling to stay in a “Go” trend for a few months.
This price correction has also pushed the oscillator into negative territory, breaking through the zero line on heavier than average volume (depicted by the GoNoGo Oscillator’s darker blue color)
We will be looking for a retest of zero from below, and if it fails again the GoNoGo Chart will show a low risk entry (red circle) into the “NoGo” trend.
By
Alex Cole
