Vodafone in 4H & 2H Demand Zones: Potential Reversal Ahead?

12 set

Vodafone is currently consolidating in both the 4-hour and 2-hour demand zones, coupled with daily trendline support, indicating a strong potential for a bullish reversal. This price consolidation suggests potential accumulation and could lead to a bullish reversal in the near future. Also convergence of support levels across multiple time frames adds confidence to a possible bounce in price action. There should be a lookout for a potential bullish breakout, especially considering the strong confluence of support levels.

Key Levels:
Daily Trendline Support:


4H Demand Zone:


2H Demand Zone:


Breakout Possibility


The price is consolidating within the demand zones in both the 4H and 2H time frames, while maintaining contact with a daily trendline support. This consolidation could signal an accumulation phase, where the market is indecisive before a breakout. Once the price has broken out of the range (i.e resistance @ 13.77), The target could be the next supply zone around 15. There is also a small gap filling opportunity as well