On March 31st we showed you an analysis of Vodafone Group’s stock, where we were expecting some kind of an upside correction to start soon. The Market decided to draw an expanding flat, which includes a new bottom below the one, left by wave 5 of A.
However, wave “c” of B achieved the goal to give a net retracement to the previous impulse, climbing up to 2.2680 in the form of an ending diagonal. At that point the Elliott Wave 5-3 cycle has been completed and the expected wave C down led prices to 2.0220 per share for Vodafone.
