zukovsaleks

VOD breaking monthly descending channel

LSE:VOD   VODAFONE GROUP PLC ORD USD0.20 20/21
Long story short, the price made an upside breakout from the very strong MONTHLY descending channel .(very strong bullish sign) However, the price already made a significant move and on a daily chart (second picture) you can see that main indicators showing bearish signs. It means that before the next leg up, most likely price will pull back or consolidate on the current level. So if I had to enter the long position, in this case I just had to wait either for the pull back and consolidation ending.
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