Ford Motor Company $F has been consolidating since its 2009-2010 recovery after the financial crisis. Price recovered to a peak of almost $19.00 a share in 2011. On the weekly chart below we can see that it fell back to $8.85 area by mid-2012 and price has been within this range ever since.F Weekly Chart(click to enlarge)Range Support Cracked:- Price established support around $8.90 a couple of times in 2011 and then in 2012 before pushing back to $18.00 in 2013 and 2014. But again, price remained in this large range and began sliding after 2014. - In 2018, we simply had a continuation of the downward drift. But during the 10/10 session, price finally came down to the $8.85 support area and might very well break through. - If price closes below $8.80 this week or the next, it would be a break out.- This bearish breakout scenario would open up the next support as a target - at around $6.50, a key support we can see on the monthly chart.F Monthly Chart(click to enlarge)