VPG 0.00% $1.79 vodafone group plc.

market today cruel teacher for many vpg trader, page-18

  1. 1,383 Posts.
    So many times I was caught by these in the early years of trading. Stock has made a lower high after a great rally and should pull back 50% before proceeding. MD irrelevant in a falling stock, it can disappear as fast as it appears.

    Normally with an extended fifth wave like this, they pull back to wave 1 of 5 which is the range 3.8 to 5.2.

    Alternatively, if the market is in a good mood it might stick at 6.5 for a while, but that does not bode so well for the next rally.
 
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