General Motors (GM) and Ford (f) have very different structures nearby chart with GM exhibit a more constructive near term pattern from Ford. Nevertheless, the two names are in various stages of recovery from the rally highs early February.
Revision graph compare 60 minutes in both, we can see that the Ford Jan double-top 18,97 and 18 88 ending upleg outside of 29 June low to 9.75. Ford has disabled the Feb 3 low at 15.10 and marking in and around mid-15.
GM is a constellation of next triangle, having come out of Feb 3 low 35.13, which ended the correction off Jan 6 high at 39.48. Our objectives are 38 and then 38.60.
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