Weekly chart confirmed the trend line with a 3rd touch. Daily chart shows inverse H&S pattern with RSI and MACD divergences. This could break to the upside after Easter holidays. Great reward to risk ratio.
Since the year 2000, the Vodafon share is in a correction phase.
The sharp sale until September 2002 with the low at 79.82 pence marked the wave sequence A.
By 2014, I think Wave B has been going on for over 12 years, and since then, C's correction pattern has ushered in the next phase.
Wave 3 of this C could have been completed this month, so now the upward 4 is...
Vodafone has been trending down , however I think we are at a potential impasse of a good opportunity to minimise risk and open a countertrend / long position .
Recently Vodafone has made a deal with IBM for the 5G plans , meaning they´re not sitting still to let other telecom companies take over the market. They are maintaining their strong dividend yield over...
It seems that we are now in completing the C wave, and have already completed the first and second sub-wave. So I think its reasonable to aim for the completion of this wave down. a Choice I had to make was weather to count the previous five wave as five waves or three waves , ignoring the first part. I decided to count as as five first because the entrancement...
Next chance on catch move down.
Reason to play:
big move price down on Daily chart, first correction and remove at least one previous valley from H1 chart.
This time I will wait higher with sell order, normally open at FIBO 61.8.
Vodafone shares have breached a long-term rising trend line. We are still away from November close. Prices could drop to 150 area over Q1, 2017 if the monthly candle does confirm a bearish break.
The monthly MACD also shows the bearish momentum is gathering pace, while the RSI too has slipped below 50.00 levels.