Ford $F has been in a rising channel for several months now as we on the daily chart below. But the recent dip since mid-June has been sharp and has likely revived the bearish trend. Ford Daily Chart(click to enlarge)Bears in Charge:- There are a couple of signs that bears are in charge of this market.1) Price has broken below the rising channel that formed over the past few months. 2) While the prevailing rally has been choppy, the bearish attempts have been sharp. - Indeed, I think we should look for price to retest the 2018 low with prospect of falling lower. - If price rebounds to $11.35, we should anticipate resistance - this is a previous support/resistance pivot. Downside- The downside is at least towards the 2011-2012 low and key support/resistance pivot area around $9.75-$10.00.- Below that, I would look for downside towards the $6.25 area, which was a low in 2003 and 2006 (seen on the weekly chart below).F Weekly Chart(click to enlarge)