Ford Wave Analysis – 29 October 2026
Published on October 30, 2026
Market Overview
As of October 30, 2026, various financial instruments are showing mixed performance. Notably, gold is trading at $3988.42, down by 0.80%, while Bitcoin is at $78021.16, down by 1.22%. The US indices, including the NASDAQ100 and SPX500, are also experiencing declines of 1.06% and 0.45%, respectively.
Technical Analysis of Ford
The analysis focuses on Ford's stock performance, highlighting a recent reversal from a strong support level at $11.50. This level has been significant since the end of March, marking the end of wave (0) and wave B in the stock's price movements.
Ford's price action indicates a bullish trend following an upward reversal from the support zone, which coincided with the lower daily Bollinger Band. This movement suggests that the ABC correction (B) that began at the end of May has been completed.
Given the robust nature of the support at $11.50 and the bullish divergence observed on the daily Stochastic oscillator, it is anticipated that Ford's stock will continue to rise towards the next resistance level at $12.75. This resistance level previously halted wave iv earlier in the month.