$F TOP 20
Added 2023-10-01 19:49:38 +0000 UTCVery little has changed this week considering the Detroit 3 have been constantly in the news as the UAW have ramped up their strike action.....but they have moved slightly on their demands and they are 'only' looking for a 30% pay increase.....both Biden and Trump have weighed in on this dispute too, so this is as mainstream as it can get. But yet, the structure has stayed in place and this is still in a bull flag.
The issue is that the 50 and 200 Day MA cuts through this flag and has been acting as a strong resistance level, the price will need to break out of this level to turn bullish and it is difficult to do this while so much negative news is being directed towards $F.
So if both sides resolve their dispute, this could be the catalyst for the price to break above this 3 levels.
