Last week, we noted that Ford $F showed signs that bears were still in control. Ford (F) Price Action Remains Bearish Under $10.10The inability to push above a recent resistance around $9.80 put the pressure on the support around $9.00. By the end of the week, price did break below the short-term support at $9.00 and is signaling a bearish continuation.Ford Daily Chart(click to enlarge)Next Support:- Currently, the pressure is on the low on the year, which is around $8.20.- I think price will break lower, but might find some support around $8.00.- However, there is probably still more downside risk towards the $6.50 level.- This is a long-term support/resistance pivot area. We have to use the monthly chart to see how it has been historically a key level.- We can also see that this level around $6.50 could be anywhere between $6 and $7.- The point is, while $8.00 might be the next support, it might not hold. - Don't be surprised if the share price of Ford slides towards the $6-$7 area in 2019 before finding significant support.Ford Monthly Chart(click to enlarge)