Ford, Mid to Long Term Bullish with Elliot Wave

I just learned about Elliot Wave so I decided to try and apply it to Ford. See my immediate preceding two publications for a more in depth analysis of Ford. The very top resistance line I drew (the number 5 spot at the top of the wave) is based off a resistance from about a year ago--December 09, 2016 and January 04-05, 2017. I plan to wait for a bounce off the Number 4 spot ($12.40) before entering a new bullish position. Breaking through the Number 3 spot ($12.75/$12.80ish) will be confirmation to me of a continuing Bullish trend.

I am not a professional. I am not certified or licensed by any individual or institution to give financial advice. I currently have shares of Ford for a long term hold investment.