Today? Double top.... indeed.
Of course with almost every stock moving in concert with the greater market nowadays (I have called this student body trading) knowing which way the market is going to move in now 90% of the battle (in the old days it was maybe 60% of the battle). So how much is Ford specific and how much is baby with the bathwater trading, who knows.
On the positive side, it was identified in theory with Ford. On the negative, no monetary gain was made.
As an aside, outside of the overall index charts, I am seeing a lot of stocks finally beginning to break down similar to Ford. Hence anyone with discipline will be taking stop losses on these type of positions as they break support, rather than attempting to catch falling knives.
No position
