$F - Extremely critical that $19 hold

Ford is currently at a critical support after breaking down. $19 is a critical area of support and breaking it below could send the stock to $15.34 area and fill the gap.
$19 is also the 50% fib retracement area in leg up. Ford's earning is next week and it could decide 15.34 or $22.70.
If you look at the time series on the trend line check backs, the price is over due to touch back on long term trend line around $17ish area.
Breaking below $19 support would be the indicator that it will trend lower.
Bearish target 1 - $17 - $18
Bearish target 2 - $15.34
Bull case - Bounce from $19.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.